scottish widows capital protected fund

john.xs

was offered this at lloyds today

basically tie up a lump sum of £3000 upwards for six years and your reward is based on rise of ftse 100 over 6 yr period as far as i can tell
their is ceiling of 50% profit on your initial lump sum
they will give you 150% of the rise in the ftse over 6 yrs
you are guaranteed to get your lump sum back no matter what.
their is a 7.5% management fee taken from lump sum on setting it up

does anyone think this a good offer or are there better options out there!

dunstonh

Naff. The terms are awful.

Better options exist. Even if you like the product, you can get it cheaper through an IFA than Lloyds.