Business and City: Guaranteed fund relaunched

LEGAL & General is relaunching its guaranteed equity fund for pension investors. Guaranteed Equity Fund II (4th Issue) will remain open until 25 June. Investors can lock into gains in capital if the FT-SE 100 Index exceeds 40, 70 or 100 per cent of the starting point during the five-year investment term.

Save & Prosper has launched a third issue of its Guaranteed Stockmarket Bond with lock-in options at 20 and 40 per cent gains. Details on S&P's Moneyline 0800 282 101.