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Investment update

Witan investment trust is waiving the 1 per cent dealing charge on all Pep and Isa transfers and all new Isa business until April 5, so investors will only pay 0.5 per cent stamp duty when buying shares. Annual charge is 1.25 per cent. Initial commission is up to 3 per cent, with trail of 0.5 per cent on Pep and Isa business.

Jupiter is offering a 1 per cent discount on all lump-sum investments into its distribution fund, launched last week. The discount, which will run until the end of April for all unit trust investments and until the end of June for Isa and Pep business, cuts the initial charge to 3.5 per cent. Annual management charge is 1.25 per cent. Minimum investment is £1,000 or £50 a month in an Isa and £500 or £100 a month outside an Isa. Commission is 3 per cent on all business, with a trail of 0.5 per cent on all Peps, Isas and self-invested personal pensions.

Framlington is offering a 1 per cent discount on its health and biotech Isas for all investors who commit their full £7,000 allowance to one of the two funds. The discount will reduce the funds&#39 initial charges to 4.5 per cent from 5.5 per cent. Both funds have an annual management charge of 1.5 per cent.

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