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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.


MGM maintains bonus rates and cuts MVAs

MGM Assurance is leaving regular bonus rates unchanged on its unitised with-profits policies. The move means bonuses continue at 3 per cent on life funds and 3.5 per cent on pension funds. The company says the move reflects its ongoing commitment as a mutual to with-profits when many other insurers such as Standard Life, Clerical […]

Survey reveals IFAs&#39 business relations

Only four product providers get regular business from more than a third of the IFAs they deal with, reveals new research by Henry Samuels Marketing Services. The study, involving 300 IFAs, shows that many providers deal with up to 95 per cent of the 22,000-plus IFAs in the market and have a large number of […]

HSBC Asset Management merges institutional and intermediary businesses

HSBC Asset Management has merged its UK intermediary and institutional business development teams in a move which sees Jonathan Polin, managing director of the intermediary business, leave the group.The decision comes following a strategic review of the business, which HSBC says found convergence in the skills required to service both markets. Geoff Cheetham, previously head […]

Julian Gibbs

I very rarely recommend enterprise investment schemes because the majority of them are only for speculative investors. However, I have discovered one, Johnson Cod 1, which looks to me far less risky than most. The investment is in farmed cod managed by Johnson Sea Farms and based in Shetland. Johnson Sea Farms is the acknowledged […]


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