Warr & Co Chartered Accountants - Article - NDFA Accelerated Growth Plan

NDFA Accelerated Growth Plan - 10 Times the growth in the FTSE 100!

NDF Administration (NDFA) , a well known structured product provider, is offering it’s latest product which provides 10% growth for every 1% rise in the FTSE 100 Index over a six year term, up to a maximum of 90% growth based on a 9% return in the FTSE.

The Key Features of the product are as follows: -

Fixed term investment of six years from 23rd June 2008 to 26th June 2014.

Growth linked to the FTSE 100 Index.

Returns equal to original capital return plus a factor of 10 multiplied by the FTSE 100 Index growth up to a maximum of 9% i.e. 90% return if the FTSE returns 9% or more in addition to the premium invested. If the FTSE returns less, for example 5% over the six year period, the growth on the plan will be 50% plus original capital.

Loss of Capital - If the FTSE 100 index falls by more than 50% below it’s starting level at any time during the investment term, and the final level is still below the starting level, original capital will be lost of 1% for each 1% that the final index is below the staring level. For example, if the FTSE 100 Index fell at some point by 50% and recovered to 80% of the starting level at the end, 20% of the original capital will be lost. In all other cases, original capital is secure.

There are no initial or annual charges.

The final index level will be averaged over the last 12 months to reduce volatility.

Investments are allowed of £7,200 into a 2008/09 Individual Savings Account (ISA) and also ISA transfers. Otherwise the minimum investment is £10,000.

Available on a personal and corporate applicant basis (must be clearly indicated on application).

The offer closes on 9th June 2008 with an investment date of 23rd June 2008. Due to the nature of the product, we will ask clients to sign a proforma confirming that they have read fully the Key Features product information supplied by the provider and the Financial Services Authority (FSA) factsheet on capital at risk products.

All of these documents are enclosed for your perusal below. The proforma will also indicate that you have not received investment advice from Warr & Co. in connection with this matter.

NDFA Accelerated Growth Plan - Prospectus, Key Features & Application

FSA Fact Sheet - Capital-At-Risk Products

NDFA Proforma

If you wish to obtain these documents from ourselves or you have any specific queries, please contact our Financial Services Partner, Jeff Crewdson, at this office or e-mail on jeffc@warr.co.uk.

Date of Article: 22nd April 2008

Tim Warr - Warr on...