Schroders income Isa wrapper

Schroders is to offer an income Isa wrapper around the Schroder Split Investment Fund that launches ...

Schroders is to offer an income Isa wrapper around the Schroder Split Investment Fund that launches later this month. The Schroder Income Isa will invest in the ordinary income shares of the new trust, which is to be launched on 20 December. The Isa will offer a yield of 5.8% and will have an annual management charge of 1.5% and no initial charge. The Isa will pay intermediary commission of 3% initial and 0.5% renewal. In a separate development, Schroders is to pay intermediaries 0.5% renewal commission on most of its range of 32 unit trusts sold through Fidelity's FundsNetwork. It w...