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L&G Portfolio Plus Pension

A personal pension with flexibility to meet changing client needs Legal & General

Overview

The Portfolio Plus Pension is a personal pension that provides your clients with access to a wide range of insured funds at outset. Portfolio Plus Pension also offers the flexibility to self invest and/or take income withdrawal in the future, without the need to transfer to another product.

One of the widest ranges of insured funds on the market (over 300)
After 30 days your clients have access to the self investment and income withdrawal option (subject to minimum fund value)
Invest in up to 50 insured funds per contribution/ payment type (with a maximum of 100 across the plan)
Offers funded commission up to age 75 for single contribution transfer values and contracting out rebates
Accepts Pension Credits
Benefits from Cofunds award winning platform.

Self Investment And Income Withdrawal Option^†:

Your clients can invest in collectives on Cofunds
A minimum fund value of £25,000 (which can include Protected Rights) in insured funds and/or collectives on Cofunds before any other form of self investment can be held
Income withdrawal is subject to minimum fund values. See the Portfolio Plus Product Summary for further details.

† Available after 30 days subject to minimum criteria.

Special Concession

Until further notice, Legal & General will be reducing the minimum regular contribution from £200 to £100 per month. This concession will apply if the initial application is accompanied by either a single premium or transfer value of at least £30,000, and all investments are invested in insured funds.

Browse all literature on the L&G Portfolio Plus Pension

Features

Investment option available: Access to over 300 insured funds.
Once the 'Self investment and income withdrawal option' is exercised:
Access to over 1,000 collective funds from over 70 fund managers on Cofunds.
Access to a wide range of other self invested assets.
Online features: Access to view online valuations and commission MI. Transaction history is currently unavailable.
Pre-fund tax relief: Yes
Protected rights: Yes
Drawdown: Yes (once the 'Self investment and income withdrawal option' is exercised, subject to minimum criteria)
Flexible drawdown: No
Minimum transfer value: £5,000 into insured funds
Minimum single contribution: £5,000 (gross) into insured funds
Minimum regular contribution: £200 (gross) per month / £2,400 (gross) a year into insured funds; Where one of the minimum criteria above is met when starting a plan, or to add to an existing plan:
Single contribution: £1,000 (gross)
Transfer value: £1,000 in respect of undesignated funds

Once the 'Self investment and income withdrawal option' is exercised, the client will be able to pay transfer values in respect of designated funds. Additional minimum payment levels apply for these.

Charges

Investment Options - Insured funds
Commission Type	Initial Charge	Fund Value	AMC (Based Upon Fund Value)
Nil Commission	Nil	for the first £30,000	0.5% per year
	Nil	for the amount over £30,000	0.1% per year
	Nil	until the insured fund(s) value first reaches £15,000 at the start of the plan month	Additional 0.5% per year
Contribution Based Commission	As per Nil Commission above plus, for every 0.1% of renewal commission the AMC increases by 0.1% (up to 1%).
Funded Commission	The AMC as shown above for Nil Commission is increased by 1% if funded commission is taken For every 1% of level commission sacrificed (up to 5%) the AMC is reduced by 0.1% For every 0.1% of renewal commission sacrificed (up to 0.5%) the AMC is reduced by 0.1%.

Collectives On Cofunds^††
Initial Charge	Fund Value	AMC (Based Upon Fund Value)
Nil	Under £150,000	£200 + VAT
Nil	£150,000 to £274,999	£100 + VAT
Nil	£275,000 & over	Nil

Income Withdrawal^††: Set up fee £130 + VAT. Annual fee £130 + VAT

Other Self Investment^††
Initial Charge	AMC (Based Upon Fund Value)
£295 + VAT	£200 + VAT or £375 + VAT depending on assets held

Income Withdrawal^††: Set up fee £130 + VAT. Annual fee £130 + VAT

No switching or transaction charges for insured funds or collectives on Cofunds. Charges apply to all other forms of self investment.

In addition a fund management charge applies to insured funds which varies by fund. Other charges apply to specific self investments.

Full details of the charges applicable are detailed in the Portfolio Plus Pension (investing in insured funds) (CP) Terms Sheet and the Portfolio Plus Pension (with self investment and income withdrawal) (CP) Terms Sheet.

†† Self investment and income withdrawal option is available after 30 days and subject to minimum criteria.

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* Calls may be recorded for training and quality purposes.