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L&G boosts bond units

Legal & General is offering additional unit allocations at all levels of

investment on its rising income distribution bond, the capital and income

growth bond.

The life office says if more than 30,000 is invested, than the effective

result is no initial charge for investing.

If the investment is worth between 5,000 and 14,999, then an extra 0.5 per

cent is added, bringing the total allocation rate up to 102.5 per cent.

For investment amounts in the range of 15,000 to 29,999, the bonus

allocation is 0.8 per cent, bringing the total allocation rate up to 103.8

per cent.

For investments over 30,000 made into the bond, the bonus rate is now

105.3 per cent, giving an extra 1.3 per cent.

The offer is valid until September 1 of this year.

Head of savings and investments Michael Hayden says “The asset mix of

distribution bonds ensures their continu-
ing appeal with cautious

inv^_estors, particularly at times of prolonged stockmarket volatility.”

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