View more on these topics

L&G launches two in one Isa

Legal & General is launching an Isa which allows investors to split their monthly savings into long and short term pots.

The two in one savings plan allows investors to put 40 per cent of their savings into a cash trust and the balance into an L&G index trust. Minimum monthly investment is £50.

Retail investments marketing director Claire Stracey says: “The Isa will help investors save for two needs. On the one hand there is the short term that will hopefully fund holidays, improve the garden or other short term needs, and a long term pot that can be left to grow for further dreams.”

Recommended

Homeowners Investment Fund Managers – Education Isa

Tuesday, 8 October 2002 Type: Oeic mini and maxi Isa Aim: Growth by investing in the Homeowners investment growth fund Minimum investment: Lump sum £500, monthly £30 Maximum investment: £7,000 Catmarked: Yes Investment choice: 100% in Homeowners investment growth fund Charges: Annual 1% Commission: None Tel: 0800 0286248

Legal & General – 2 in 1 Isa

Wednesday, 9 October 2002 Type: Unit trust mini or maxi Isa Aim: Growth by investing in unit trusts Minimum investment: Lump sum £500, monthly £50 Maximum investment: £7,000 Catmarked: No Investment choice: Legal & General UK index and cash trusts Charges: Annual 0.5% UK index trust Commission: Initial 1% for lump sum investments, 0.75% for […]

IFAs say Axa sneaked out second bonus declaration

IFAs have accused Axa of sneaking out a second interim bonuses declaration which sees payouts on with-profits slashed for the third time this year.The life office blames the latest cuts of 2 per cent to 8 per cent for bonds and up to 7 per cent for pensions on the falling stockmarket.In its annual declaration […]

CII launches new service

The Chartered Insurance Institute has launched a new members only area in the CII Library Online.The area contains a range of free information for SOFA and CII members including thirty technical factfiles written exclusively for the CIILO on topics from motor claims to pension options.It also holds over 700 technical papers which have been scanned […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment