Arc launches new income product

UK-based distributor Arc Capital and Income has launched a second income product dubbed the Fixed Income Plan 2, which offers an annual income of 9% or monthly income of 0.73%.

The five-year product is based on the FTSE 100, Nikkei 225 and the S&P500 indexes. The initial investment will be returned in full so long as none of the three indexes falls by more than 30%. Should an index fall by more that 30% the capital repayment will be based on the final level of the index that has performed worst. Capital will be reduced by 1% for each 1% that the index has fallen below 30%.

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