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Invesco cuts Isa charges by 2%

Henderson Global Investors is offering a 0.5 per cent discount on its preference and bond and strategic high-yield bond funds until April 30.

The discount brings the initial charge to 3.5 per cent. Henderson is also reducing the initial charge on its European capital growth fund to 4 per cent from 5.

F&C Management is waiving the £50 initial charge on its investment trust Isa until May 2004. It is also allowing Pep or Isa transfers into its trust range without levying its usual £25 fee. Investors can select up to four of the 10 trusts in F&C&#39s investment trust maxi Isa or up to three trusts in its mini Isa in any tax year.

Invesco Perpetual is cutting the initial charge on its stocks and shares Isa range by 2 per cent. Investors will now pay 3 per cent instead of 5 per cent when choosing one of the 33 funds on offer.

Allianz Dresdner Asset Management is waiving the 0.5 per cent dealing charge on lump-sum investments into the Merchants trust for new and existing investors until the April 5. It is also temporarily scrapping the £20 transfer fee on all Pep and Isa transfers into the trust.

Credit Suisse Asset Management is offering a 1 per cent discount on its Oeic range. The 17 funds will carry an initial charge of 4.25 per cent until June, when the discount will be reviewed.

Neptune Investment Management is discounting the front-end charge on all deals in its income and global equity funds. The initial charge will fall by 2 per cent to 3 per cent from February 1 until April 30.

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