Investors have until the end of the month to transfer their PEPs or ISAs to Legal & General corp...
Investors have until the end of the month to transfer their PEPs or ISAs to Legal & General corporate bond funds and benefit from a refund of 2001 management fees.
Funds have to be transferred by 30 June and must remain with the Legal & General fund until 31 December 2001.
Customers can choose both high risk and low risk vehicles.
Legal & General suggests low risk investors should consider its Corporate Bond ISA and Corporate Bond PEP which both invest in the Fixed Interest Trust which, in turn, invests in low risk corporate bonds and has a current running yield, the rate paid to investors, of 6.54%.
High risk investors, says Legal & General should consider the High Income PEP and High Income ISA which both invest in the High Income Trust, which also invests in corporate binds but has a current running yield of 8.29%.
Customers can decide what percentage of their investment to transfer into each of these products.
See www.LandG.com for further information.
£300bn of liabilities
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