Aviva launches fourth FTSE-linked product

Defined Returns Fund 4 offers capital protection to investors as long as the FTSE 100 does not fall over the five year period by more than 50% from its starting level taken on 7 May. If the FTSE is at or above this level by 8 May 2012, investors receive back their initial outlay, plus 13%. If the FTSE is at this level one year later on, investors get back their outlay plus 19.5% By 2014 they get back their outlay plus 26%, and the outlay plus 32.5% if the benchmark is at or above its starting point by 7 May 2015. If the FTSE falls, by contrast, by more than 50% from its starting...