No charge on Friends Prov Isa product

Friends Ivory & Sime Investment Trusts is running a zero initial charge Isa offer on its two managed...

Friends Ivory & Sime Investment Trusts is running a zero initial charge Isa offer on its two managed portfolio products until the end of April, writes James Thorneley. This applies to anyone putting in a minimum lump sum of £5,000 and the group is also providing a back-to-back Isa offer for this and the next tax years, allowing investors to put in up to £12,000. This will only be available before the end of this tax year. With the introduction of the zero charge intermediaries can either take the 4% as commission or 3% with the other 1% going back to the client. The annual charge of 1.25% ...