Marlborough to offer Isas

Marlborough Fund Managers is to offer Isas on its fund range from the end of January, writes Jenne Mannion. The front-end charge on Isas is 4%, of which 3% is payable as IFA commission. The annual charge varies between funds but is around 1.5% in most cases. Geoff Hitchin, chief executive at Marlborough, said under the Isa Marlborough would accept minimum monthly contributions of £50 or lump sums of £1,000 on its seven unit trusts. These include the Marlborough UK Equity Growth, UK Equity Income, Managed Trust, Bond Income, Balanced Growth, Equity and Bond Income and International Equity...