L&G and Investec team up for life bond launch

L&G and Investec have teamed up to launch a 100% guaranteed life fund which will give access to Alast...

L&G and Investec have teamed up to launch a 100% guaranteed life fund which will give access to Alastair Mundy’s Cautious Managed fund and John Stopford’s Target Return bond vehicle. The Legal & General Money Builder (Investec) fund will be available through the L&G Portfolio Bond and aims to provide a greater return than cash over a five-year period. Managing director of the asset management arm at Investec, David Aird said: “By combining our Cautious Managed fund with our Target Return Bond fund and wrapping this in an L&G guarantee we have constructed a product which gives investors 10...