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Legal & General goes for world of medicine

Bulgin adds: "Yes the charges seem fair and reasonable, with no entry or exit charge and a one per cent annual management charge, but why couldn’t the annual charge be similar to Legal & General’s all share tracker product?"

Looking at the commission, Bulgin says: "The commission is fair and reasonable, especially taking into account the fact that there is no initial charge or exit penalties." Jones also regards it as being fair and reasonable.

Lakey says: "Commission is fair and reasonable up to April 5, 2001. After this it falls to one per cent, which is poor."

Turning to the product literature, Cocken and Bulgin say it is simple and straightforward. Lakey thinks that the product literature does not have enough detail, while Jones adds that it seems to be very run of the mill.

Summing up, Bulgin says: "This is an innovative addition to Legal & General’s range of low cost trackers."

Bruce Bulgin, partner, Chadney Bulgin, Alan Cocken, managing director, Carduc Robinson Financial Advisers, Alan Lakey, partner, Highclere Financial Services, Peter Jones, principal, GG Lewis.

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