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L&G to launch Sterling Corporate bond index fund in RDR-push

Legal & General Investments is launching a Sterling Corporate Bond Index fund.

The fund, which is subject to FSA approval, will have an annual management charge of 0.2 per cent and will invest in bonds rated AAA, AA or A to ensure they have the lowest risk of default and high liquidity.

The fund will also be made available on all major platforms.

LGI currently manages £35bn in UK fixed income index funds.

Legal & General Investments sales director Frank McGarry says: “As the deadline for RDR implementation rapidly approaches there has been a significant shift to passive funds in the UK advisory market. Many portfolio constructors are opting to blend both active and passive funds within client portfolios and this is a trend that we expect to gather momentum.

“The Sterling Corporate Bond Index fund range provides investors with low cost exposure to a core asset class which can be used as a portfolio building block or as a cost efficient means of accessing the highest rated sterling corporate bonds.”



Standard Life: Govt should indemnify providers against auto-transfer misselling

Standard Life wants the Government to indemnify providers against potential compensation claims if customers suffer detriment as a result of its decision to pursue a “pot follows member” automatic pension transfer system. Last month, the Department for Work and Pensions published a consultation document confirming plans to introduce a new system which will mean pension […]

Are inflation-linked funds a good bet?

Inflation has fallen from its peak in September last year, so are inflation-linked funds losing their appeal? These funds aim to protect the value of capital and income from inflation by generating a return consistent with, or greater than, UK inflation. They often have exposure to inflation-linked bonds. The UK consumer prices index reached a […]


Expensive social housing should be sold, says think tank

Policy Exchange has called for the Government to sell expensive social properties in order to build a greater number of cheaper properties. The think tank estimates the sale of 28,500 properties worth more than the local average house price could raise close to £6bn and the construction of cheaper properties could create between 160,000 and […]

Scottish Life links with Nest for auto-enrolment offering

Scottish Life has linked with Nest for its automatic enrolment pension offering. The tie-up will allow employers to use a Scottish Life pension scheme or Nest, or a combination of the two, to meet their auto-enrolment duties. Nest managing director of scheme development Helen Dean says: “Employers have told us that they intend to use […]


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