UK - Legal & General (L&G) has bagged a stakeholder win from Newcastle United Football Club.
The firm will provide stakeholder plans to United’s 1100 full and part-time staff, and this will extend to its regional business partners in the North East of England.
L&G will provide access to 21 of its funds, eight ‘lifestyle’ funds, and 16 external funds managed by Newton Investment Management, Deutsche Asset Management, Societe Generale, and JP Morgan Life Assurance. The default fund is L&G’s UK equity index fund.
According to an L&G spokesman there was no formal tendering process.
The government’s stakeholder deadline is October 8, 2001.
By Madhu Kalia
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