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Scottish American Investment Company reveals Isa plans


The Scottish American Investment Company (Saints) investment trust has revealed plans for a maxi-Isa to replace its Saints Pep.


The Stewart Ivory managed trust is waiving its normal annual charge of £35 plus Vat, for Isa investments in the first two years.


But investors will still pay underlying investment management and administration charges of 0.55 per cent.


Saints is an international investment trust with assets totalling £712m. Isa investments is open to regular and lump sums of £50 a month and £1,000 respectively.

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