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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.


Product matters

The launch of Scottish Life&#39s Works4You is forward-thinking and revolutionary.ScotLife is offering a full HR Intranet site free to all new group money-purchase schemes, including GPP and stakeholder.Staff can access all their benefits, including insured benefits with providers other than ScotLife, and noninsured benefits such as holidays and childcare, at the press of a button. […]

Neptune joins Cofunds

Five Neptune Asset Management funds have been added to fund supermarket Cofunds. Neptune&#39s equity income, global equity, European opportunities and UK equity Oeics are now available on the platform, along with its balanced unit trust. It is the fourth platform Neptune, formerly Orbitex, has joined, following its deals with Transact, Selestia and Skandia.

Watchdog warning that FOS decisions will set precedent

The industry must accept the inevitability that some decisions made by the Financial Ombudsman Service will become precedents, says chief ombudsman Walter Merricks.Speaking to Money Marketing, Merricks says it is contradictory for the industry to complain that the ombudsman is setting a precedent through its decisions and, on the other, accuse it of being subjective.He […]

BBB and Inter-Alliance announce merger talks

Berkeley Berry Birch and Inter-Alliance Group are in discussions which they say could lead to a merger of the two companies. If the discussions are successful the new group would trade under the BBB brands. The two companies say there can be no certainty that a merger will ultimately take place, but a decision is […]


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