Britannic Asset Management, has started selling Isas over the internet to keep pace with the end of ...
Britannic Asset Management, has started selling Isas over the internet to keep pace with the end of the tax year sales surge, writes Jenne Mannion.
By logging on to www.baminvest.co.uk, IFAs will be able to buy Isas on-line. Private investors will also be able to buy Britannic Isas through the website, although this is not being marketed by Britannic.
Bob Lawson, head of brand marketing at Britannic, said the facility allows IFAs to invest lump sums in either the stocks and shares mini Isa or maxi Isa.
He added: "This enhancement to our web page is designed to catch the last-minute rush of Isa investors. In this financial year, Britannic Isas can be bought right up to midnight on 5 April, ensuring that people do not miss the new tax year deadline."
After choosing the Isa and selecting the mini or maxi version, the IFA can either print out the application form and send it to Britannic, or fill out the form on screen. The Isa can be paid for on-line through Delta, Switch or by cheque.
Minimum investment in Britannic funds is a £500 lump sum. The initial charge on most funds is 5.25% and 1.5% annual. IFAs are paid up to 4% initial commission and 0.5% renewal.
Currently there is a 1.5% discount on the initial charge on the Britannic Higher Yield Fund and 1.25% on the Income Bond Fund.
Clarke replacing Balkham
'Deep-dive analysis of client behaviour'
Ways to mitigate April’s increases
The best equity income funds examined