Martin Currie has opted for a simple approach for its opening Isa product and will offer a stocks and shares maxi-Isa only.
The Isa will be available in either the Growth Portfolio Fund or the Income Portfolio Fund, which are the group's two most popular funds with Pep investors.
Martin Currie Unit Trusts managing director Sandy Dudgeon says: "Simplicity is the key to our Isa. We are sure there will be demand for an actively managed equity only Isa – even without a Cat mark. That is what our clients have asked us for. That is what we are giving them."