L&G extends limited offer on allocation terms for Portfolio Bond

Legal & General has extended its current limited offer terms of up to 1.5% extra allocation for Portfolio Bond - Standard Charging Option, on the Cofunds platform, to run until 16 January 2009.

After this date a new limited offer of between 0.5% and 1.0% extra allocation (depending on investment amount) will apply to the Cofunds Portfolio Bond - Standard Charging Option only from 19 January 2009.

In addition Legal & General is extending the current limited offer on Discounted Gift Portfolio Bond and Direct to Legal & General Portfolio Bond Standard Charging Option, which are also set to run to 16 January 2009. After this date these products will return to the basic allocation rates.

Simon Pistell, Legal & General Managing Director, Individual Wealth said, "We have decided to extend our limited offer for platform sales to continue to support IFAs selecting this efficient way of trading. More of our IFA sales for Portfolio Bond are now on platform and we are confident that this trend will continue."

In line with the changes Portfolio Bond and Discounted Gift Portfolio Bond investments made on or after 19 January 2009 will also have new early surrender charges.