Groups discount initial charges

f&c, britannic and schroders among those pushing isa season fund launches with discount offers

A high portion of investment groups are using this year's Isa season to promote newly launched funds by offering discounts on the initial charge. F&C is offering discounts on a number of funds this year via the Cofunds and FundsNetwork platforms. However, it is only offering a discount on one fund direct through the group. Investors in F&C UK Opportunities, managed by Phil Doel and launched in December 2005, can receive a discount of 1% off the regular 5% annual management charge through the group directly or via a platform. Also promoting new launches is Britannic, whose unit trust range...