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Legal & General boost funds for investment customers
Thu, 27 Jul 2006
Legal &General today announced the launch of a new Portfolio Plus Trustee Investment Plan aimed specifically at customers with self invested personal pension plans (Sipps) and trustees with work-related pension policies.

The new plan will offer top-rate price on one of the widest range of funds in the Trustee Investment Plan (TIP) market, which will include 250 funds from 40 different fund managers.

Andy Agar, head of retirement product development at Legal and General , said that company encounter high demand for its investments in the external Sipp market.

"We see a big market for Legal &General's Portfolio Plus Trustee Investment Plan in the external Sipp market where individual members can use our TIP as a self-invested asset within their Sipp portfolio."

By using the plan as and investment vehicle , customers with occupational pension policies could benefit from the new scheme.

Mr Agar described the plan as "a top flight investment vehicle" which would allow financial advisers to "build investment portfolios for their high net worth clients in both the individual and corporate markets".

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