Legal & General has extended its terms of 1.5% extra allocation for Portfolio Bond investments on Cofunds to run until January 11 2008.
The provider will also run the 1.25% extra allocation on Discounted Gift Portfolio Bond and for Portfolio Bond off platform until January 11 2008. Legal & General says Portfolio Bond sales have grown 12% to £141m since 2006 while platform sales have grown 2% to represent 70% of the provider’s business. The provider has more than £2.5bn of assets under administration through Cofunds, in which it has owned a 25% stake since June 2005. To comment on this story contact: Jennifer Bollen Reporter Tel: 020 7034 2679 E-mail: [email protected] IFAonline
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