Savings plan from Royal London

Royal London Asset Management is to launch a savings plan for its Growth & Income trust in November, ahead of plans to open up the trust to Isa investment and other wrappers early next year. Investment trust marketing manager Victoria Muir said the plan will allow intermediaries or private clients to buy shares in each of the trust's three classes: geared ordinary, convertible unsecured loan stock and geared units. These comprise two geared ordinary shares and one unit of convertible unsecured loan stock. The plan will pay advisers 3% commission. Minimum investment is £50 a month, w...