L&G launches 20th product in Growth Deposit Bond series

The new structured deposit, 6 Year Growth Deposit Bond 20, opens for investment for seven weeks from 29 April to 14 June 2013. It provides a return of capital plus 125% of any growth - after averaging - in the FTSE 100 Index up to a maximum of 35% gross of the original investment. Investors' money in the structure, which has a minimum investment of £500, will be held on deposit by Cater Allen. Advisers can take commission of 3% on the sum invested or, if working on a fee basis, commission sacrifice is also available. Deposit bonds are not impacted by the change to commission res...