Defined Return Plan 2 continues the new series of investments that combines access to Barclays’ investment expertise and Legal & General’s plan management and administration capabilities in a single bundled offering.
Richard Henry, Director, Barclays said: "It was pleasing to get a positive response from advisers to our debut launch with Legal & General, which reinforced our belief that we are collectively answering a need in the market.
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The bundled route has certainly proved popular among our target market and fits well with our wider investment proposition. We are very pleased to be launching this second product together in what we hope will be a long running collaborative series."
James Harrington, Head of Structured Solutions, Legal & General Savings said: "We are delighted that Defined Return Plan has proved an attractive proposition for investors and IFAs.
We are confident that this product will be a popular choice for the IFA market and look forward to developing further new products in the near future."
Defined Return Plan 2 is a structured capital at risk product. It offers repayment of capital plus a defined return as long as the level of the FTSE 100 Index on the second anniversary, or subsequent anniversaries is equal to or above the starting level, taken on 9 October 2013.
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By GlobalDataThe Plan will last a maximum of six years, but if the defined return payment feature activates, the Plan will close early on the second, third, fourth or fifth anniversaries.
