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.
The IFA bond pilot is expected to be similar in make-up.
L&G/Cofunds are in discussion with all the groups featured on the tied offering, as well as other major houses.
Funds were chosen from three areas: income, growth and multi-manager.
Groups featured in the tied offering included Gartmore, Threadneedle, Schroders, New Star, Investec and Jupiter.
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