Lincoln is offering a discount of 2% off the front-end charge of its Isa products, until the end of ...
Lincoln is offering a discount of 2% off the front-end charge of its Isa products, until the end of May, writes Jenne Mannion.
Rob Merrick, investment marketing manager at Lincoln, said the discount applies from 1 February to the end of May, in order for investors to capitalise on the discount in both this tax year and the following one.
He said: "We are offering an automatic Isa feed so that if somebody wants to put in £12,000 today, £7,000 of that can immediately qualify as their 1999-2000 tax year Isa and on 6 April, the remaining £5,000 can go in as their 2000 to 2001 tax year Isa."
The standard front end charge is 5.82%, and the discount will reduce that charge to 3.82%. There is an annual management charge of 1.25% on all Isas. IFA commission is 3% initial and 0.5% trail. Minimum lump sum investment is £1,000 and minimum monthly contributions are £50.
The discounts apply to the full Lincoln unit trust range except the Cash Trust, where there is no initial charge and the Cat Standard Gilt and Fixed Interest Fund. Those where the discount does apply include a Far East fund, managed by Delaware International in London and the North American Fund, managed by Vantage Global in the US.
Others are the Balanced Managed, UK Equity Income, UK Equity Growth, Global, European, and Japan funds.
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