Sterling launches a multi-fund Isa

Sterling Assurance is launching a multi-fund Isa offering links to funds from 14 external managers as well as to Zurich Group sister company Threadneedle. The Isa, first reported by Investment Week last year, offers access to 56 funds including links to Newton, Baring Asset Management, INVESCO GT, Deutsche, Flemings and Framlington. The Isa is available in a maxi or mini version with Threadneedle running 29 of the 56 funds. IFA commission is 4% initial and 0.5% renewal. The minimum investment is £100 per month or £2,000 per lump sum for 2000/2001. The product will be available from 6 Ap...