We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
scottish widows capital protected fund
john.xs
Posts: 494 Forumite
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!
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!
0
Comments
-
Naff. The terms are awful.
Better options exist. Even if you like the product, you can get it cheaper through an IFA than Lloyds.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.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards