Advisers are now able to view onshore investment bonds on Cofunds following the addition of Legal and General's Portfolio Bond to the platform. Launched in November 2005, the bond, which has previously been available from L&G directly, offers advisers a single premium life insurance wrapper offering clients a choice of over 200 investment funds from 40 fund managers. The bond has a minimum new investment of £5,000 and there is no initial charge for those under 75 years of age. The annual fund charge is dependant on the underlying fund selected. No charge is made for the first 12 switches...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
