Marlborough to offer Isas

Marlborough Fund Managers is to offer Isas on its fund range from the end of January, writes Jenne M...

Marlborough Fund Managers is to offer Isas on its fund range from the end of January, writes Jenne Mannion. The front-end charge on Isas is 4%, of which 3% is payable as IFA commission. The annual charge varies between funds but is around 1.5% in most cases. Geoff Hitchin, chief executive at Marlborough, said under the Isa Marlborough would accept minimum monthly contributions of £50 or lump sums of £1,000 on its seven unit trusts. These include the Marlborough UK Equity Growth, UK Equity Income, Managed Trust, Bond Income, Balanced Growth, Equity and Bond Income and International Equity...