Close Investments has reduced the initial charge on its Close Escalator Fund range to 3%.
The Close Escalator Fund range consists of protected unit trusts that offer investors exposure to UK, European and World stockmarkets.
Investors can protect 95% of their capital every quarter with the UK Escalator 95 Fund, the European Escalator Fund and the World Escalator Fund, while the UK Escalator 100 fund offers 100% protection every quarter.
The initial charge cuts now bring the three 95% protected funds in line with the 100% capital protected fund.IFAonline
Joined as head of strategy, multi asset, in June
Group income protection
Nine in 10 do not have income protection
Set to become part of Single Financial Guidance Body