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L&G prioritises direct sales

Legal & General is has prompted IFA concern as it bids to help investors beat the tax year deadline by buying Isas direct on the internet.


The life office says its been forced to prioritise its website for investors because its plans to use IFAs to sell Isas online are still at consultation stage.


In a bid to boost sales the LandG.com site waives the first year&#39s annual management fee of between 0.5 and 1.5%, depending on the fund, for sales before the end of April and has no opening charge.


The website will allow applications for online ISAs included in this year&#39s tax allowance to be made up until midnight on April 5.

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