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The plan will be split into two distinct investments, and will offer three investment choices in one package.

DRP Capital Protection will launch on 3 June with three options delivering a fixed return of either 20 per cent in a three-year option, 30 per cent in a four-year option or 40 per cent in a five-year option.

The DPR previously offered three investment choices in one package – two with full capital protection and one with an annual kick-out option with more limited protection. These have been divided into two separate products to reflect their risk profiles.

All three options offer full capital protection providing the index does not fall by more than 50 per cent, and will deliver their return provided the FTSE100 at maturity is equal to or higher than its level at the starting date.

The second product – DRP Annual Kick-Out – offers investors a 10 per cent return for each year the plan is in force. If the index matches or exceeds its starting level on any of the plan’s annual anniversaries, it will automatically mature and deliver the accumulated return.