Legal & General and NDF open investment plans

Legal & General and NDF are both launching investment plans with fixed maturity dates next week.

L&G is adding to its series of capital protection and early-payment feature investments, while NDF is launching a growth and income investment plan.

The L&G Growth Investment Plan Plus 6 will be available from December 11, 2006, to January 9, 2007. It will provide investors with 100% of any capital growth in the FTSE 100 index over a six-year term, maturing on February 14, 2013.

The plan includes an early-payment feature, which means if the FTSE 100 index grows strongly the investment could close early. There are three trigger levels the FTSE 100 must grow by for the early-payment feature to be activated. The minimum investment is £500.

The NDF Income and Growth Plan December ’06 will focus on both income and growth. Half of the investment will be placed in an income account and the other half invested to deliver growth potential at maturity.

Investors will receive a guaranteed annual income stream of 6.25% on half of their investment throughout the term of the plan. They will receive a 31.25% return on the other half at maturity, so long as the final index level of the FTSE 100 is the same or higher than its starting index level.

The Income and Growth Plan matures in February 2012 and the minimum investment is £7,000.