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F&C waives initial ISA charge

F&C is waiving the £50 + VAT initial charge on its investment trust ISA.

The offer runs from 1st January until 31st May 2004, meaning investors can invest up to £14,000, making the most of the current tax breaks available.

Investors can choose to invest in up to any four of the ten F&C investment trusts in F&C&#39s Investment Trust Maxi ISA. F&C Management is also offering investors transfer options for PEPs or ISAs into one or more of its investment trusts without paying the £25 + VAT transfer fee until 31 May 2004. This is in addition to waiving the £50 initial charge meaning that you only pay 0.2% dealing commission* on shares purchased.

F&C director and head of private investor marketing Georgette Harrison says:
“Many ISA investors have had a tough ride over the last few years and as we saw this year have been reluctant to invest in ISAs.
“Although prices have now started to pick up, there is still value in the market, especially if investors take a long-term view. We believe investors still need to be encouraged back into the market and we hope that our low-cost offer will help towards this.”

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