A personal pension with flexibility to meet changing client needs
Cofunds are delighted to announce the launch of the Portfolio Plus Pension from Legal & General. 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
From 18 August 2008, 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.