Liontrust is switching its Isa administrator from Cogent to Bisys with effect from 6 April. The ch...
Liontrust is switching its Isa administrator from Cogent to Bisys with effect from 6 April.
The change allows the group to remove the 0.41% Isa administration fee investors previously paid when investing in its Isa, on top of the usual 1.5% annual management charge.
The switch to Bisys enables Liontrust to alter the charging structure on its FTSE 100 tracker, the Liontrust Top 100 fund.
From 6 April, investors into the fund will only pay 0.295% per year. With Cogent, they were required to pay a 0.75% initial charge plus the 0.41% Isa administration fee.
As such, all investors will pay on the fund from 6 April is £2.95 for every £1,000 invested.
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