Norwich Union Guaranteed Capital Plan launched

Norwich Union has launched its new savings plan, guaranteeing investors a return of at least their original investment.

The Guaranteed Capital Plan allows people to invest in property and stock markets through the Halifax House Price Index, the FTSE 100 as well as a one-year fixed rate deposit account.

Neil Davies, head of investment at Norwich Union, said: "The plan is ideal for those investors who are reluctant to move their savings from a deposit account, but would like the opportunity to benefit from investing in a range of assets without risking their capital."

The Norwich Union Guaranteed Capital Plan splits investor's returns into three categories mentioned above evenly, with 75 per cent return guaranteed on the growth of both the FTSE 100 and the Halifax House Price Index.

The account is available from October 10th, with the minimum investment standing at £3,000.