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A new waive of deals wipes out fees

Witan is offering investors free share dealing on all lump-sum Isa investments into the £1.35bn trust until April 5.The offer would bring a saving of around£70 for investors using their full £7,000 maxi Isa allowance and means that investors will only pay stamp duty – levied at 0.5 per cent – during the Isa season.

Henderson Global Investors is waiving the 1 per cent dealing fee on lump-sum Isa investments into all its 14 investment trusts until April 30. The £2,000 minimum investment and 0.5 per cent stamp duty still apply.

Allianz Dresdner Asset Management is waiving the 0.5 per cent dealing charge on all lump-sum maxi Isa investments into The Merchants trust. This includes Pep and Isa transfers, which investors can make until April 5 without incurring the standard £20 charge. Commission varies between 1 per cent and 3 per cent, depending on how much advisers want to rebate to clients.

Close Finsbury Asset Management is foregoing the 1 per cent dealing fee on all purchases – lump sum and regular savings -in the Finsbury worldwide pharmaceutical trust until April 5. The offer applies to investments within the Close Finsbury Pep/Isa savings scheme through postal or e-commerce applications.

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Julian Gibbs

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