Legal & General is to set up an internet dealing centre next year targeted at IFAs looking to buy in...
Legal & General is to set up an internet dealing centre next year targeted at IFAs looking to buy into the group's unit trusts.
The IFA internet centre, planned for the first quarter of 2000, will offer online buying and switching between L&G unit trusts. The service will also provide online valuations and settlements as well as the ability to print off Pep and Isa application and transfer forms. The internet site will include fund information, performance figures and graphs. The plans represent Legal & General's latest move in the IFA investment market, following a series of product launches this year.
These have included the launch of a geared Dublin-based European tracker fund to take advantage of investment in Euroland. The fund looks to track the performance of the top 50 stocks in Europe. The group also launched an ethical fund in the summer based around a UK index-tracking product.
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More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
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