BWD Rensburg has launched its individual savings account while continuing to praise the merits of independent advice over Cat marks.
The Isa will invest in the five top performing UK unit trusts. But it is not Cat marked.
Head of marketing Alex Brotherstone says: "We are very positive and firmly behind Isas and believe they are eventually going to be even bigger than Peps."
The charges are 4.5 per cent initial charge and 1.5 per cent annual charge except for the high yield bond which has charges of 1.5 per cent initial and 1 per cent annual.