Legal & General extends Portfolio Bond special offer

Legal & General has announced it is extending the special offer on Portfolio Bond.

IFA clients receive an extra 1% allocation, or 1.5% if investing with Portfolio Bond on Cofunds, until the end of April next year (30 April 2007).

Legal & General’s Managing Director Platforms and Distribution, Graham Newitt, commented: “Since launch in November 2005 the Legal & General Portfolio Bond has attracted over £1 billion in funds under management on and off platform over this year and support from IFAs has been tremendous. We believe that extending our special offer of an extra 1% allocation for IFA clients on the Portfolio Bond, with an additional 0.5% for bonds written on Cofunds, will continue to prove very attractive to IFAs advising in this sector.”

Phil Kennedy, Legal & General Director Cofunds, said “We are continually looking to enhance our service to advisers and the quality of our Portfolio Bond’s fund choice. Legal & General's product expertise, underpinned by Cofunds, has become a popular choice for IFAs advising in the bond sector.”

Matthew Woodbridge, Bonds Manager at Chelsea Financial Services said: "The extra allocation offer on the Legal & General Portfolio Bond has proved very popular with our clients since its introduction. Chelsea Financial Services is pleased to note the offer is being extended thereby allowing more clients to benefit from these terms. Unit linked bonds continue to be very popular with our clients due to the large choice of funds available and the improved terms have increased their popularity."

The increased allocation under the special offer terms is in addition to the stated allocation rates for the Legal & General Portfolio Bond.