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Old Mutual launches Isa range

Old Mutual Fund Managers is launching its Isa range this month.


The range includes a maxi stocks and shares and cash Isa, a mini stock and shares Isa and a mini cash Isa.


The stocks and shares component will include 11 of Old Mutual&#39s 15 unit trusts.


Minimum initial investment is £1,000 lump sum or £50 a month regular premium.


The initial charge is 5.5 per cent and the annual management charge is 1.5 per cent.


These charges are reduced for the UK Allshare Mirror Trust and UK Money Market Trust, to nil initial and annual management of 1 per cent and 0.5 per cent respectively.


For the other funds commission is 3.5 per cent initial and 0.5 per cent renewal commission.

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