• Legal & General is launching its first Sandler product, a Medium Term Investment Plan (MTIP), this...
• Legal & General is launching its first Sandler product, a Medium Term Investment Plan (MTIP), this week. The MTIP, available as an Isa and unit trust will invest via the Legal & General Distribution Trust, which invests in a combination of equities and bonds, with at least 60% always invested in corporate bonds. The Government hopes stakeholder investment products will encourage more people to save so the minimum investment amount is just £20, either as a lump sum or as a regular monthly premium. There is no initial charge and the AMC is 1.25%. Other expenses are 0.07%, totalling annual e...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
