Equity and cash ethical Isa launch

Family Assurance is linking up with the Ecology Building Society to offer an ethical Isa product, wr...

Family Assurance is linking up with the Ecology Building Society to offer an ethical Isa product, writes Leo Bland. The Isa, due to be launched this week, includes an equity and cash element. Ecology Building Society will provide the cash option while the equity portion will invest in the Family Charities Ethical unit trust. Both elements are to be run as mini Isas and investors can put up to £3,000 in each. On the equity element there is a 5% initial charge and 1% annual management fee. IFA commission is 3% initial and 0.25% renewal. The minimum monthly investment for the equity eleme...