Legal & General launches new pension product
www.moneynews.co.uk > Pensions > Legal & General launches new pension product
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Money News |
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Legal & General launches new pension product
Mon 4th Aug 2008
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The new PPP is recommended by the building society for customers seeking a wide selection of funds.
It has over 300 insured funds from over 40 fund managers available.
Each payment can be made to up to 50 insured funds, with a maximum of 100.
The PPP is available directly from Legal & General or through independent financial advisers.
Andy McKinnon, director of individual wealth products at Legal & General, said it was good for customers for whom a self invested personal pension was not suitable but who "want the flexibility of being able to add self-investment in the future".
Workers will lose more than £500 billion in pensions savings due to a decision made by Gordon Brown in 1997, according to the Express newspaper.
The newspaper said that documents recently released under the Freedom of Information Act show that Mr Brown, who was then chancellor, scrapped tax relief on dividends paid into pension funds ten years ago.
This would reportedly cost each household £20,000 of pension savings.
Related News : Pensions |
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Related News : Legal and General |
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