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Scottish Friendly reveals Isa plans

Scottish Friendly Assurance has revealed plans for a full range of ISA products.


It plans to offer mini and maxi Isas and all three components.


The minimum investment will be £500 for lump sums and £30 a month for regular savers.


The equity component will be provided by a growth Oeic investing in UK equities and fixed interest securities. The life assurance component will invest in unitised with profits funds.


Initially the Isas will be available direct from Scottish Friendly, but it plans to launch the products to IFAs later this year.

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