Gilliat offers three versions of new kick-out plan

In each plan, a kick-out occurs if the value of both indices is equal to or greater than the relevant reference level. If a kick-out occurs, then the product closes and investors receive a growth payment and their initial investment. The reference level for option one is the starting value of both the FTSE 100 and S&P 500; for the second option it is 95% of the starting value of each index and the third option has a reference level equal to 90% of the indices' initial level. Gilliat managing director Adrian Neave says: "Kick out products are proving consistently popular with invest...