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BAM reveals Isa plans

Britannia Asset Management has announced plans for maxi and mini Isa and for a mini stocks and shares Isa.


The maxi Isa will provide access to ten equity and one gilt and fixed interest unit trust.


The Isa will give access to three funds not previously available to Pep investors, the International Special Opportunities Fund, American Growth Fund, Pacific Growth Fund and Japan Fund.


All the equity funds will give a one per cent discount for those investing between the April 6 Isa launch and the 5 July this year.


But BAM will not be providing a Cat-marked Isa because it does not make provision for advice.


Head of business development Francis Ghiloni says: &#34We stand by our view that the Government&#39s Cat standard for stocks and shares Isas does not take account of the cost of financial advice that individuals need to seek before making financial decisions.&#34

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