Soc Gen Asset Management is launching a UK Income Unit Trust, its fourth trust to be focused on the retail market.
The minimum contribution to the Pep-qualifying Soc Gen UK Income Unit Trust will be £1,000 lump sum or £50 a month. After April 5 savings may be invested in ISAs.
The initial charge is 5.25 per cent and there is an annual management fee of 1.5 per cent. IFA Commission is 3 per cent.
Joint managing director Nicola Horlick will manage the fund.
She says: "There are many companies which are in a good position to offer growth and a steady stream of growing dividends. I am looking for companies with strong management and good products."