Fixed rate bond from Legal & General

Legal & General is launching a Dublin-based fixed rate bond product offering 40% growth over five and a half years or 6.25% annual income. The bond, targeted at Isa and Pep transfer investors, will be available between 24 January and 25 February. L&G said the underlying capital in the investment will be secure. The fund will invest in medium term loan notes issued by banks and building societies. The minimum lump sum investment is £1,000 and there is no maximum for Pep transfers. The charges on the product are already taken into account by the rates offered and are 3% initial and 0.5% ann...