– 80% capital protection means that 20% of your investment is potentially at risk.

– As with all stock market investments, the price of units in the UK Protected Growth Plan can go down as well as up, and, on sale, investors may not get back the full amount invested.

– The Plan gives you exposure to the UK stock market, although it also offers a valuable level of investment protection. Plan prices can go down (but never lower than the Protected Price level) as well as up. The Plan is therefore not like a bank or building society account where your capital is secure. Due to the cash element held the Plan is less risky than a pure investment in UK equities, such as a FTSE™100 Index tracker fund.

– Tax benefits may vary as a result of statutory changes and their value will depend on individual circumstances.

– If you decide to take withdrawals from the Plan, you should be aware that these payments constitute a withdrawal of capital and should growth in your holding be insufficient to cover the payments, you will suffer some capital erosion. There may also be capital gains tax implications to these withdrawals and professional advice should always be sought before any action is taken.

– If the underlying assets of the Plan perform poorly over a long period of time, some or all of the Plan may become completely invested in cash. In a low interest rate environment, the potential for future growth could be severely restricted and the Account Manager would reserve the right to close the Plan and offer you an alternative investment. Under these circumstances we would write to you and advise you of your options.

– The Account Manager will arrange for the purchase of Investment securities from financial institutions rated 'AA' or better (as measured by Standard & Poor's or equivalent) at the time of purchase, however this rating could subsequently change. In the event of such securities being unavailable, the Account Manager may substitute the securities with alternatives with similar characteristics.

– In the event of any issuing institution being unable to meet their financial obligations, you may not receive the full return and you could lose all, or part, of your investment.

– Your circumstances could change, forcing you to sell your investments early. If this happens, you may get back less than the amount you originally invested.

– You cannot claim full reimbursement if the price at which your securities were purchased has fallen, when we sell them, following you exercising your right to cancel.

– The current Government has confirmed that ISAs will continue indefinately.

– If you have invested via an ISA and subsequently withdraw, it may not be possible to invest in another ISA in the same tax-year in which you invested

– The levels and basis of taxation and reliefs from taxation can change at any time and any change could be applied retrospectively. The value of any tax reliefs depends on individual circumstances.

– Tax assumptions are based on our understanding of current legislation and practice at the time of print - these may change in future.

– Past performance IS NOT an indication of future performance and should not be used to assess the risks associated with this investment.