The secondary-school teacher from Sussex said: ‘I’m about 10 years off retirement so I can’t afford to lose any money. I would rather have limited stock-market growth with capital protection than higher returns with the risk of losses.’
Elizabeth’s independent financial adviser, Bestinvest, recommended Citigroup’s Enhanced Growth 3 (Option 1) plan. It has a six-year term, after which Elizabeth will get her capital back, plus 105% of any growth in the FTSE 100 share index — but no dividends.