Wesleyan with-profits Isa offers 72% equity holding

Wesleyan has launched a with-profits Isa offering 72% allocation to equities. The assurance society...

Wesleyan has launched a with-profits Isa offering 72% allocation to equities. The assurance society is to launch the wrapper to invest in its in-house with-profits fund, which announced a return of 21.3% in 2005. It will only be available in stocks and shares form and will be targeted at Wesleyan's customer base of doctors, dentists and teachers. The Isa launched on 16 January 2006 and will offer minimum regular subscription limits of £100 monthly or £1,000 for lump sums. An initial charge of 5% is in place with a 1.5% annual management charge. Based on this charge, lump-sum investors ...