Legal & General is offering to refund the annual management charge and all other charges for 2003 on all lump sum index tracking Isas set up this Isa season.
The offer is available through all of L&G's distribution channels on all of its index tracking Isa products. The money will be paid back in the form of a cheque in early 2004 provided the investment is held until at least December 31, 2003.
L&G retail investments marketing director Claire Stracey says: “We have built our reputation in the retail investment market by offering excellent value for money products. This offer should prove very popular with investors. Our normal index tracking Isa terms when combined with this offer of no management fees or other charges enables you to invest in our index tracking range effectively free of charge.”