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Nothing-ventured.com cuts cost of unit trust dealing

Nothing-ventured.com is adding low-cost dealing in unit trusts to the range of allowable investments in its self select pension.

Transactions are charged at a flat rate of £24.95. Initial commission usually charged on unit trusts, typically 3 to 5 per cent of the purchase price, will automatically be repaid as a rebate to investors.

Nothing-ventured product development manager Dan McAuley says: “Investors are both familiar and comfortable with unit trusts and many will welcome the opportunity to include them within their self select pension.”

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