A new limited offer will apply to the Cofunds Portfolio Bond -- Standard Charging Option from January 19, 2009
UK-based Legal & General Assurance Society has extended its current limited offer terms of up to 1.5% extra allocation for Portfolio Bond — Standard Charging Option, on the Cofunds platform, to run until January 16, 2009.
The company said that after this date a new limited offer of between 0.5% and 1% extra allocation (depending on investment amount) will apply to the Cofunds Portfolio Bond — Standard Charging Option from January 19, 2009.
In addition, Legal & General is extending the current limited offer on Discounted Gift Portfolio Bond and Direct to Legal & General Portfolio Bond Standard Charging Option which are also set to run to January 16, 2009. After this date these products will return to the basic allocation rates.
In line with the changes, Portfolio Bond and Discounted Gift Portfolio Bond investments made on or after January 19, 2009 will also have new early surrender charges.
The extended offer is applicable to fully completed independent financial adviser (IFA) applications with a valid check received before January 16, 2009. The new limited offer applies to fully completed IFA applications received at the Cofunds office between January 19, 2009 and June 30, 2009, the company said.
Simon Pistell, managing director of individual wealth at Legal & General, said: We have decided to extend our limited offer for platform sales to continue to support IFAs selecting this efficient way of trading. More of our IFA sales for Portfolio Bond are now on platform and we are confident that this trend will continue.