View more on these topics

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.


A consumer&#39s view

The repercussions of the ombudsman&#39s decisions on dual pricing of mortgages rumble on. There is concern that his decisions on individual complaints are having far-reaching effects that are not necessarily in consumers&#39 long-term best interests. The upshot could be less choice for homebuyers.The complaints about dual pricing against Halifax, Nationwide and Abbey National were all […]

Pensioners turn to crime to ease financial worries

Thousands of pensioners are considering turning to crime to combat financial hardship, according to a report from Prudential.The company&#39s quarterly survey of people in retirement has found a high number of pensioners admit to contemplating crime to bolster incomes which are often less than £10,000 a year.Prudential claims that more than 100,000 retired people have […]

&#39Banks and societies the worst on pension advice&#39

Stakeholder advice varies greatly between different distribution channels, with bank and building society advisers giving the worst advice, according to undercover research by the Cons-umers&#39 Association.Four mystery shoppers from Which? visited 38 advi-sers and discovered that while the majority recommended the appropriate product, given the circumstances, the quality and amount of advice varied.The best advice […]

Depolarisation is good news

It is sad to see that the announcement of depolarisation has left so many people in a state of confusion.People think the end of the world has arrived and are defending the indefensible. There is no need to panic – depolarisation is good news and IFAs should all welcome it.Let us take a look into […]

Benefits of using a probate bare trust

Have you ever wondered what happens to someone’s investment bond on their death if it is not written in trust? When someone dies it is essential to deal with their estate, which can be made up of their home, belongings, investment bonds and anything else they may have owned. But, it is not as simple […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm