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L&G distribution trust gets AA rating

Legal & General&#39s new distribution trust has been awarded an AA fund management rating from Standard & Poor&#39s fund research. The trust is available to lump sum investors and regular savers with minimum investments of £500 lump sum or £25 a month and currently includes a special offer whereby IFA clients can have a 1 per cent discount on the initial 5 per cent charge for lump sum investments made before April 30. The annual management fee is 1.25 per cent.

Retail investments marketing director Claire Stracey says: “This is a real vote of confidence in the fund management team involved with this trust and particularly David North who is the lead fund manager on Legal & General&#39s distribution fund range.”

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