The new plan will be open for investment for a limited offer period from November 1, 2007 to January 4, 2008. Investors in the new plan will receive ordinary shares in the Growth Investment Plus XI sub-fund of Legal & General Protected Investments.
The plan includes an early payment feature, which means that if the FTSE 100 Index grows strongly the investment could close early. If the early payment feature is activated, the investment will close and there is no option for the investment to continue.
Jamie Vale, investment development director at Legal & General, said: We are pleased to maintain the level of return on the Growth Investment Plan series. We have seen a significant uplift in business since we increased the return at maturity to 160% of any FTSE 100 Index growth. We expect this product to prove just as popular with investors who are looking for the potential for high returns while protecting their initial capital.
