Murray cuts Isa charges

Murray Johnstone is waiving the initial 1% charge into its investment trust Isa for shares purchased...

Murray Johnstone is waiving the initial 1% charge into its investment trust Isa for shares purchased in Murray International and Murray Income until 30 September. The minimum investment into the Isa is £3,000 as a lump sum or £100 as a regular monthly contribution. Intermediaries will still be able to drawdown 3% initial commission from their clients' investment and 0.5% renewal. Geoff Burns, head of investment trusts at Murray Johnstone, said: "Too often we see investors leaving their Isa investment to the last minute hoping to catch a trough in the market. However, being out of the mark...