L&G and Cofunds launch bond

Legal & General and Cofunds are to launch a pilot version of their intermediary investment bond offering in the fourth quarter of this year, two months ahead of a full rollout. While the final product will feature between 200 and 300 funds from more than 40 providers, the initial offering, which will be distributed via a limited number of advisers, will represent a scaled down version. L&G/Cofunds launched their first joint product at the beginning of July, an investment bond distributed exclusively by L&G's partner Bradford & Bingley. This features 34 funds from 12 different houses. Th...