LINKS MARKED * ARE AFFILIATE LINKS.

In this Legal & General Investment ISA review, we take a closer look at what this respected financial services firm has to offer ISA investors like you. 

We’ll be reviewing the different ways you can invest, Legal & General’s Stocks and Shares ISA fees and charges, the minimum investment amount and much more.

Let’s start our review by looking a little more closely at who Legal & General are, just in case you haven’t heard of them before.

Who are Legal & General?

Established way back in 1836, Legal & General are not only one of the largest asset managers in the UK, they are actually one of the largest in the world. 

They are probably best known for their individual life assurance products, as they are the UK’s largest provider in this area.

Legal & General’s current assets under management tops a massive £1 trillion. They are also a FTSE 100 listed company. 

As we can see then, Legal & General are extremely well established and respected. 

Legal & General Stocks and Shares ISA Review 

Legal & General offer two different ways for you to invest via their Stocks and Shares ISA. 

Legal & General’s ‘Ready-made’ ISA

The first option is for you to invest via one of their ‘ready-made’ funds. 

Legal & General offer 5 different ‘ready-made’ funds for you to choose from. Each fund has a different level of risk attached and, therefore, there will likely be one that suits your own attitude to risk.

L&G’s 4 dedicated fund managers have a combined 62 years of experience. These managers – backed by a team of 25 investment specialists – will look after your selected fund and make any adjustments necessary to react to market changes and maximise your returns.

You can invest in an L&G Stocks and Shares ISA from as little as £20 per month or with a £100 lump sum. 

The maximum you can invest in a Stocks and Shares ISA in the current tax year is £20,000, assuming you haven’t already invested in another ISA.

With Legal & General’s ‘ready-made’ Stocks and Shares ISA, the only fee you will pay is an ongoing 0.61% charge. There are no initial charges, no platform fees and no exit fees to pay.

You can open a ‘ready-made’ ISA online with Legal & General quickly and easily and they will begin to invest your money within 1 working day. 

Going forward you can manage your account online. You will also have telephone and email access to Legal & General’s award winning customer service team, should you have any questions about your investment.

Legal & General’s ‘Choose your own funds’ ISA

The other way to invest in a Legal & General Stocks and Shares ISA is take on the task of choosing your own funds to invest in. 

If you feel up to the task of choosing your own funds, then this can be a great way to invest in specific asset classes, without having to manage the individual underlying investments. This can help you to diversify within a specific asset class with minimal hassle. 

The different asset classes you can invest in via Legal & General’s funds include equities, fixed income, property, multi-asset and more. 

With Legal & General you can choose from over 50 different funds within your Investment ISA. Each fund will carry its own charges and expenses. 

A comprehensive list of charges for each of these funds can be found on the Legal & General website. Here you can also find more information on the past performance of each of the funds along with a handy comparison tool. 

You can invest in an L&G Stocks and Shares ISA from as little as £20 per month or with a £100 lump sum. 

The maximum you can invest in a Stocks and Shares ISA in the current tax year is £20,000, assuming you haven’t already invested in another ISA.

There are no initial charges, no platform fees and no exit fees to pay.

You can open a ‘Choose your own funds’ ISA online with Legal & General quickly and easily. 

Going forward you can manage your account online. You will also have telephone and email access to Legal & General’s award winning customer service team, should you have any questions about your investment.

The Legal & General Investment Academy

If you are still a little nervous about the process and principles of investing, then it is good to know that Legal & General have recently launched the Legal & General Academy. 

On this section of the Legal & General website you can find many helpful investment articles, infographics and videos to help you learn basic investment principles.

Transferring an ISA to Legal & General

It’s also helpful to know that you can transfer the cash value of an existing ISA held with another provider to Legal & General. The minimum ISA value you can transfer is £100 and Legal & General will take care of the process from start to finish. 

Risks with Investments

• Please remember the value of your investment and any income from it may fall as well as rise and is not guaranteed.
• You may get back less than you invest.
• You should be happy to invest for at least five years.

Summary

We hope you’ve found this Legal & General Stocks and Shares ISA review useful. 

As we have seen, Legal & General are one of the most well-known and respected financial services companies in the world. 

With their Stocks and Shares ISA, you can invest from just £20 a month or with a £100 lump sum. You can invest via one of 5 different ‘ready-made’ funds or you can ‘choose your own funds’ from a pool of 50+. 

It’s quick and easy to open and manage your account online and the Legal & General Academy should go some way to helping you make the right investment choices.