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L&G offers online direct debit Isa facility

Legal & General is extending its online purchasing facility to allow applications for regular savings Isas to be made.

Investors can compile and submit their direct debit online and choose investments from 23 Isa funds. The minimum monthly investment is £30.

L&G retail investment director Michael Hayden says: “Whilst many investors will see recent market setbacks as a buying opportunity there will be a significant number who will not wish to take this risk. Regular savings are a good alternative to immediate investment and our online application is an easy way of starting direct debit.”

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