If you decide you want to switch your investments from one fund to another, you need to be aware that:
- There’s a cost for switching out of, or into, the equity, bond and property funds managed by Legal & General. This buy/sell ‘spread’ is the difference between the cost of buying and selling the units. The spread varies as it derives from the cost of each transaction but is typically 1-1.5% on equities, 0.15% on bonds and 6.8% on property.
- If you switch any Equitable Life unit linked AVCs, the buy/sell spread is 4.5%.
- If you switch any AVCs out of the Equitable Life with profits fund, the value of your fund will be reduced by 5%.