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

Legal & General has extended its current limited offer terms of between 0.5% and 1.0% extra allocation (depending on investment amount) on the Portfolio Bond - Standard Charging Option - to 30 November 2009.

Legal & General's Business Development Director, Savings, Jamie Vale said "We have decided to extend our limited offer for platform sales to encourage IFAs to select this efficient way of trading."

In addition Legal & General has updated the Funds available on Portfolio Bond and Portfolio Plus Pensions (on and off platform) and Discounted Gift Portfolio Bond (direct to Legal & General). These are:

Henderson Multi Manager Growth Fund and Multi Manager Income and Growth Fund
Legal & General Diversified Absolute Return Fund
SWIP Multi Manager Diversity Fund and Multi Manager Select Boutiques Fund
Thames River Distribution Fund and Global Boutiques Fund

With the addition of these seven new funds the insured fund range includes more than 320 funds from 45 fund managers, one of the widest choices of wrapped funds available, and over 2,000 Investments through Cofunds.

Jamie added: "IFAs have an important role in advising clients on selecting funds for growth and/or income to suit their individual needs. That is why we're increasing the range of growth and income funds available to both Portfolio Bond and Portfolio Plus Pensions investors.

We regularly review our fund range on our long term savings plans to ensure we continue to offer an extensive choice of funds that allow IFA clients to switch between funds when required."

Legal & General is writing to financial advisers to inform them of the extended offer on Portfolio Bond -Standard Charging option and the new funds available on Portfolio Bond and Portfolio Plus Pensions. Customers and IFAs need take no action, although they could choose to review their fund choice in light of the additional options.