Legal & General has launched a range of multi-manager funds as both unit trusts and wrapped life and pension funds on Portfolio Bond and Portfolio Plus Pensions.
The funds are Legal & General Multi Manager Growth, Multi Manager Income and Multi Manager Balanced. L&G says the launch is aimed at the growing number of mass affluent customers in the UK and is part of the firm’s plans to grow its share of the UK long-term savings market. Andy McKinnon, director of individual wealth products at L&G, explains: “In the coming months we expect to see a rise in the number of mass affluent customers in the UK, which we believe will help to drive demand for low cost, high performance managed fund savings.” L&G says it is offering a competitive savings propo...
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