L&G to launch first international bond

It is currently seeking regulatory approval to launch Legal & General International (Ireland) Limited to manage and produce the new investment and life assurance product. The move marks L&G’s first foray into the international market and comes following bumper bond sales of 26pc year on year in 2006, up 84pc on 2004, thanks to the success of the open Portfolio Plus Pension and Portfolio Bond launched in October 2005. The popularity of the open architecture products, targeted at high net worth clients, prompted plans to launch an international product to provide more tax advantages for...