UK: Legal & General (L&G) launched a new Islamic investment proposition by offering six Shariah funds, handled by HSBC Asset Management, aimed at the British direct contributions pensions sector. “L&G views this launch as one way of encouraging pension savings among communities which may otherwise choose not to do so as a way to fund their retirement.” In rolling out this Shariah proposition over the next few months, the products on offer are the L&G Islamic Lifestyle Profile,
L&G Islamic Growth Fund and L&G Islamic Retirement Fund, while self-select choices are the L&G PMC HSBC Islamic Global Equity Fund 3, L&G PMC HSBC Islamic Multi Asset Fund 3 and L&G PMC HSBC Islamic Sukuk Index Fund 3.
