Morgan Stanley offers 'simple' products on back of adviser demand

The FTSE Simple Growth Plan 12, which was last released in 2006, follows the firm's recent trend towards offering simple payouts in response to adviser demand. Investors will receive 105% of any positive performance of the FTSE 100 over the six-year term and will gain back 100% of their capital at maturity, regardless of the index dropping or remaining unchanged during the tenor. The firm's executive director Marc Chamberlain says: "Advisers have been asking for simplicity together with 100% capital protection. The current pricing environment has allowed us to re-introduce an old pla...