Zurich has launched the latest in its series of Guaranteed Accounts, offering IFAs and their clients the potential to benefit from any FTSE 100 gains.
Available immediately, the Zurich Guaranteed Capital Account 10 (ZGA 10) runs for five years and allows investors to exploit any increase in value of the FTSE 100 index, while protecting their original capital investment. Other features include an annual 12% and -8% collar and 100% allocation. Interest on the ISA element is tax-free under current regulations. Interest is calculated based on the percentage rise and fall of the index recorded on a certain day of the year. At maturity, the five recorded figures are added together to calculate the amount of interest payable, up to 60%. ...
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