HSBC adds wrapper to Russell fund

HSBC Unit Trusts is to put a Pep transfer and Isa wrapper around its UK Growth & Income unit trust from the middle of October The fund, launched by Tim Russell following his arrival from Lazards, now has a one-year track record. The Growth & Income Plan will allow Pep transfers or a switch by underling fund holders into an Isa wrapper if they want One of the options available is an automatic switch every April from the underlying unit trust into the Isa, allowing the money which remains in the unit trust to gain from possible CGT taper relief The aim of the product is to provide a more g...