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Legal & General – Distribution Trust

Type: Unit trust

Aim: Income and growth by investing in corporate bonds and equities

Minimum investment: Lump sum £500, monthly £25

Investment split: Investment-grade corporate bonds 54%, high-yield
bonds 15%, UK equities 30%, cash 1%

Isa link: Yes

Pep transfers: Yes

Yield: 4.9%

Commission: Initial 5%

Charges: Initial 5%, annual 1.25%

Special offer: Initial charge reduced to 4 per cent

Offer period: Until April 30, 2004

Tel: 020 7528 6773


Protection IFAs voice fears over CI developments

Leading protection IFAs met with reinsurer Munich Re last week to discuss the future of critical-illness cover and the need for co-ordination in developing new products. Life Policies Direct director Jason King and Lifesearch senior technical adviser Kevin Carr met with Munich Re&#39s head of marketing Will Adler to share ideas on where the product […]

Turner moves from FSA to deliver new CII exams

Paul Turner is to join the CII in January to develop a new exam framework. He will focus on driving through the CII&#39s review of its financial planning examinations and qualifications. Turner has been seconded from the FSA to the Financial Services Skills Council where he had responsibility for delivering the new exams. He has […]

A consumer&#39s view

The wise men of the Treasury select committee are to conduct an inquiry into how to restore confidence in long-term savings and whether the Association of British Insurers&#39 claim of a £27bn savings gap stands up to scrutiny. The obvious answer to restoring confidence is to have a different approach to regulation because, to date, […]

Canada Life revamp focuses on IFAs

Canada Life is restructuring its sales process to focus on helping IFAs. The move comes as the company raises its individual income protection rates by an average of 40 per cent to stem demand while it carries out a review of the product. The restructure sees Canada Life cut its account managers from 65 to […]


Guide: reporting to the Pensions Regulator — what and when?

Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.


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