Liontrust moves Isa admin

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 p...