Legal & General offers index-tracking Isa

25 January 2006
Legal & General is offering customers a rebate of the 2006 annual management charge for lump sum investments of at least £4,000 made into one of a selected range of its individual savings accounts (Isas) before April 30th.

The offer only applies to online customers or those who phone Legal & General's call centre.

To be eligible, customers should not cash their investment, whether in part or a whole, and should hold the same fund without switching until December 31st.

Legal & General's offer applies to a selected range of eight index-tracking unit trusts when held with an Isa, including the UK index, European index, US index and Japan index.

Annual management charges currently range between 0.5 per cent and 1.0 per cent depending on the trust that is held within the Isa.

"We believe our range of index-tracking funds across the UK and international markets offers investors a value for money investment that's hard to beat," said Claire Stracey, retail investments marketing director.

"Our offer to refund the annual management charge on lump sum index-tracking Isa investments, which customers have found particularly attractive in previous years, is in addition to our normal index-tracking Isa terms of no initial fees or exit fees."

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