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James Hay adds new fund to wrap and SIPP platform

James Hay Wrap Managers has added the Legal & General UK 100 Index Trust to both its wrap and self-invested pension plans fund platforms.

The total number of funds now available on James Hay Wrap totals 1,324 funds from 57 different providers and the number of funds on its collect self-invested pension plans (SIPP) platform is 1,019 from 45 different providers. Together, the James Hay SIPP and wrap businesses have over GBP13 billion under administration.

The Legal & General (L&G) UK 100 Index Trust tracks the FTSE 100 index. The fund is one of nine L&G trackers and features no initial charge and a low annual management charge of 0.5%.

Shaun Sandiford, key accounts director at James Hay, said: IFAs are increasingly offering their clients a blend of passive and active funds to achieve the correct risk/reward balancing within portfolios. We are delighted to offer this tracker from L&G, one of the best known financial brands in the UK.