ACI launches latest fixed income plan

Arc Capital & Income (ACI) has issued its latest capital protected fixed income plan, offering a monthly return of 0.5% over five years.

Initial investment in the FTSE 100-linked Fixed Income Plan 15 will be returned at maturity, providing the index’s level has not fallen by more than 50% since launch. ACI says the FTSE’s interim levels are not taken into account, adding if the index breaches the 50% barrier, capital repayment will be reduced commensurate with each 1% it has fallen. The plan is available as a direct investment, stocks and shares ISA for tax year 2009/10, and for ISA transfers, with investment limits of £2m and £3,600 respectively. IFA commission is 3% while gains are subject to income tax. The offer...