Legal & General has redrawn the terms and conditions on its unit trust range, axing many of its withdrawal char-ges and introducing monthly savings plans. All L&G index unit trusts, as well as the fixed-interest trust, high-income trust and ethical trust, will have their 1 per cent withdrawal fee removed from July 31 while all unit trusts will be eligible for a new monthly savings scheme, with a minimum contribution of just £25.
Invesco Perpetual has appointed Rita Whig as head of US equities. Whig joins from Royal London Asset Management. Previously, she worked as an international fund manager for Refuge Assurance and United Assurance Group.
NDF Administration has launched a capital guaranteed income plan offering a fixed tax-free income of 6 per cent in the first year and variable income linked to the dividends of FTSE 100 companies thereafter. Capital is 100 per cent guaranteed if it is invested for the six-year lifetime of the product.
Govett Investments has appointed Simon Wilson as head of marketing. He joins from Old Mutual. He will be marketing the group's open-ended funds into the IFA market.