Legal & General launches new bond
www.moneynews.co.uk > General finance > Legal & General launches new bond
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Legal & General launches new bond
Thu 17th Jul 2008
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The new bond will give independent financial advisers (IFAs) greater choices in devising investment portfolios for their clients.
As well as three charging options (standard, initial charge and high allocation), there will be more fund choice, free switching between funds, a selection of trust options and cautious managed funds and tax efficient regular withdrawal options.
Legal & General's director of individual wealth products, Andy McKinnon, said advisers had asked for "more choice and flexibility" and that the new offer gives investors "a strong and compelling investment proposition".
IFAs are expecting mutual funds to grow in popularity as bond sales fall, according to the Financial Times.
It reported a survey by Fidelity Funds Network of 230 advisers.
According to the study, 85 per cent of advisers predict investment bond sales to go down while mutual funds go up.
Related News : General finance |
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Related News : Legal and General |
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