Press releases

Legal & General achieves outstanding 5 year performance on insured funds in Portfolio Plus SIPP.

Jamie Vale - Director - Business Development
Jamie Vale
Director, Business Development
Platforms and Distribution

08 September 2011

Jamie Vale - Director - Business Development
Jamie Vale
Director, Business Development
Platforms and Distribution

Legal & General Portfolio Plus SIPP insured funds compared to other top 5 insured SIPP providers:

Fund performance over 5 years

(Source: LIPPER)* - based on over 300 funds

Legal & General Portfolio Plus SIPPAverage for other top insured SIPP providers
(source Legal & General)
 Number of PP SIPP insured funds with top decile performance = 39 Average number of insured funds in SIPP with top decile performance = 9
 Number of PP SIPP insured funds with top quartile performance = 78 Average number of insured funds in SIPP with top quartile performance = 30

The PP SIPP insured fund range - over 300 funds from over 45 fund managers - offers an extensive choice and allows IFA clients unlimited switches between funds (additional charge may apply).

Jamie Vale, Director, Business Development Platforms and Distribution said: "IFAs have an important role in advising clients on selecting funds for growth and/or income to suit their individual needs. The extensive choice offered by Legal & General Portfolio Plus SIPP’s actively managed and index tracking insured funds means that our insured fund range probably meets the needs of the majority of clients without investing in other asset classes. We believe that the quality of our fund range for IFA clients on our Portfolio Plus SIPP is a key driver to IFAs advising in this sector. Our analysis indicates we have outperformed the sector and other insured SIPP providers have not matched this performance over 5 years."

"Legal & General's PP SIPP provides excellent value for money as, in addition to the extensive insured fund range with fund charges ranging from 0.15% to 2.96% of fund per year, the product annual management charge (AMC) for investment between £15,000 and up to £25,000 is 0.6% a year and 0.1% a year thereafter (If the pension fund size is less than £15,000 then a 0.5% additional charge will apply). It also offers IFAs and their clients competitive and flexible SIPP features including the facility to use of capped drawdown as they approach retirement."

Jamie added: "We believe our SIPP will continue to be attractive to a wide market including mass affluent clients looking for an exceptional insured fund choice and the option to self invest – either at outset or in the future."

IFAs who require more information should contact their normal Legal & General representative or call the Legal & General Investment Technical Help Desk on 0845 070 6452. Lines are open from 9 am to 5 pm Monday to Friday. We may record and monitor calls. Call charges will vary.

Note * Analysis provided by the Legal & General Investment Technical Support team looked at the top 5 ABI insured SIPP providers (period covered = 30/04/2006 to 30/04/2011), which included Legal & General – the other providers analysed are Standard Life, Aegon, Zurich and Scot Widows.

Notes to editors

The Legal & General Group, established in 1836, is one of the UK's leading financial services companies. As at 30 June 2011, we were responsible for investing £370 billion worldwide on behalf of investors, policyholders and shareholders. We also had over seven million customers in the UK for our life assurance, pensions, investments and general insurance plans.

Portfolio Plus SIPP, Portfolio Plus Pensions and Group SIPP are provided by Legal & General (Portfolio Management Services) Limited. Registered in England 2457525.

Registered Office: One Coleman Street, London, EC2R 5AA

For more information please contact:

Mike Connolly

Mike Connolly
PR Manager Savings

t: +44 (0) 1737 375365
m: +44 (0) 7802 503917