Lehman releases inaugural issue of Dual Income Plan

Lehman Brothers has launched the first issue of its Dual Income Plan, offering investors a choice of 8.8% annual fixed income or 0.71% monthly fixed income. The five-year plan, linked to the FTSE 100 index, provides full return of capital at maturity unless the index falls below 50% of its starting level on any day during the term and the final level is below its starting level. If this occurs, capital loss is 1:1. The plan is on offer from September 1 until October 24, while the closing date for Isa transfers is October 10.

Lehman has also released its Enhanced Returns Plan issue six offering either 30% fixed return after three years or 60% fixed return after five years, linked to the FTSE 100 index. The plan is on offer until September 26 requiring a minimum investment of £3,600.

Both the plans are offered by Lehman in conjunction with Defined Returns Limited, which acts as Isa and plan manager.