The Nottingham Friendly Society tracker select stocks and shares Isa will cost £25 a month or £250 as a lump sum and is said to be priced at half the market norm.
Customers will have the choice of three index trackers to spread their investments. The ethical option will track ethically-screened companies in the FTSE 350; the UK option will track the FTSE All-Share Index and the global 100 option will track the performance of the S&P Global 100 Index.
Investors who contribute more than £1,000 become members of the society and are eligible to apply for annual payments from its additional benefits fund. Those that have saved for a year can also claim up to £30 a year from the fund to put towards the costs of optical, dental and medical bills.
IFAs can choose from enhanced initial commission or initial commission plus trail. A 12 month commission fee must be paid in advance at the beginning of each 12 month period.
The offer’s discounted entry level and tax benefits aim to encourage more clients into equity investment and provide new marketing prospects for advisers.
Nottingham Friendly Society business development manager Pat Smith says: “We have a strong reputation for first-class IFA service delivery and client care. That’s why we’re delighted to give our supporters this additional product choice.”