Provider Saga Investment Direct is cutting the initial charge on two of its equity Isa portfolios to 0.25 per cent from 4 per cent until the end of April.
Investors can choose either an income or growth portfolio, and investments will be split equally between four funds to provide instant diversification.
The Saga Income Portfolio invests in stocks and shares intended primarily to provide a dividend income and also the opportunity for capital growth. The portfolio invests in Henderson Preference and Bond fund, Invesco Perpetual Income, Jupiter Income and Newton Income.
The Saga Growth Portfolio invested in stocks and shares intended to provide long term capital growth with a bias towards the UK.. The portfolio invests in BWD UK Blue Chip Growth, DWS UK Growth, Newton Manager and Schroder UK Mid 250.