Legal & General is launching a new Portfolio Bond which allows customers to switch between funds and gives them the options of taking a regular income.
The bond gives customers a range of over 200 investment funds from across the industry as well as around 40 fund groups.
Legal & General says the bond will be particularly popular among independent financial advisors (IFA).
Legal & General’s retail investments director, Simon Pistell, said: "Legal & General’s new Portfolio Bond is designed specifically to meet the investment needs of IFA clients.
"It provides fund choice in all major sectors, across a range of investment management groups and includes the most popular choices identified in our research among the advisers who are experienced in the bond market."
The bond will be available from November 21st 2005.To read more about Savings, click here.
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