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Investment - too good to be true?

kimfarren · 2008-07-31 11:24:19

I have been told of investment with Norwich Union called 'with profits inflation protected guaranteed fund' Apparently if I leave my money in for 5 years or more I am GUARANTEED to get back my original investment increased to keep inline with inflation or the value of any with profit investment including final bonus (minus…

Comments

dunstonh Posts: 120,164 Forumite

1 August 2008 at 1:45PM

kimfarren, can I interest you in a product that guarantees to protect 100% of your capital and pays 33% after five years, after all charges and costs? No stock market risk.

.. plus offers the potential for more (typically around 7-8% p.a. average although I have a few running that have made double digits. There isnt any personal liability for tax either.

Its a good product. Even better when you get it discounted and not at full cost (where initial allocation can be 107% or so).

I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.

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