L&G to rebate annual fee on lump-sum Isas

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Legal & General is looking to rebate the annual management charge on some of its Isa range for lump-...

Legal & General is looking to rebate the annual management charge on some of its Isa range for lump-sum investments of £4,000 or more. The group will rebate the 2006 annual management charge, excluding extra expenses, for investments made before 30 April 2006. The payment will be made in February 2007, provided the money is held in the selected unit trust within an Isa until 31 December 2006, without switching. The offer applies to eight of the group's Isa trackers, from its UK Index to Global Technology Index, with the annual fees ranging from 0.5% to 1%. Other funds included in the ...

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