ISA offers on a third of AIC member investment companies

19 February 2013

The AIC has published ISA offers from investment companies and their managers representing a third of its membership (72 investment companies).

Some investment companies and their managers have year round attractive ISA offerings, whilst a number of management groups have also introduced some last minute tempting offers.

Annabel Brodie-Smith, Communications Director, Association of Investment Companies (AIC) said: “With the end of the tax year approaching it’s time for investors who intend to use their ISA allowance to research their options. Investors are more aware than ever before of the impact charges can have on investment returns. ISA wrapper charges can vary a great deal and it’s well worth considering them. Whilst charges are only one of a number of considerations when choosing an investment company, we’re very pleased to be able to publish ISA offerings on a third of our investment company members.

“Investment companies are a useful way to tap into the long-term potential of the stock market. With an independent board of directors to look after shareholder interests, strong long-term performance, the freedom to gear to enhance returns, and a range of sectors and risk profiles to choose from, they are worth considering for this year’s ISA.”

AIC member ISA special offers

Provider

Offer

Offer Expires

Contact Number

Website

Online Application Facility (yes/no)

Aberdeen Asset

Management

Purchases

NIL plus 0.5% government stamp duty

On-going offer

0500 00 40 00

View website

Yes

Aberdeen Asset Management (Via interactive Investor)

Charges: £10 online flat and £10 telephone flat

On-going offer

- View website Yes
Artemis Investment Management LLP for Artemis Alpha Trust plc

No admin charges for share purchases (stamp duty and broker commission will apply).

Minimum investment of £50 per month.

Flat rate management fee of £30 (+VAT) per year.

On-going offer 0800 092 2051 View website No

AVI ISA for British Empire

Annual Fee capped at £50

-

0845 850 0181

View website

No

Baillie Gifford

No initial charge or dealing commission. Minimum investment of £100 per month.

Flat rate management fee of £32.50 (+VAT) per year regardless of how many ISAs held.

Any new ISA opened between 1 March and 30 April will receive a £10 Amazon Gift Card (see website for more details).

No expiry

0800 917 2112

View website

Yes, view website

Caledonia Investments plc

There will be no quarterly administration fee for new investors until 5 April 2014, a saving of £20 plus VAT.

1. New Investors only

2. Expires at 12 noon on 5 April 2013

08456 185 165

View website

Application form available online which then needs to be sent by post quoting reference ‘OFFER 101187’

Fidelity

 

0% initial charge

On-going

Mon to Sat 9am - 6pm 0808 252 8470

View website

No
Invesco Perpetual

2% discount on the 5% entry charge for all new ISA investments and ISA transfers*. This includes ISA monthly savings.

8pm, Friday 5 April 2013

0800 917 7581

View website

No
J.P. Morgan Asset Management

Invest in a J.P. Morgan ISA before 30th April and we’ll donate £15 to WaterAid*.(*J.P. Morgan will donate up to a total of £15,000)

Zero initial transaction charge, annual charge is 0.25% (min: £2, max: £10 pcm)

30th April

0800 20 40 20

View website

Yes

The New City Investment Managers Individual Savings Plan (“NCIM ISA”) provided by Halifax Share Dealing Limited

The NCIM ISA provides a tax-efficient way of investing in the ordinary shares of City Natural Resources High Yield Trust plc and New City High Yield Fund Limited without incurring any initial or annual plan charges for doing so.

On- going

Toni Wall

0207 201 5369

View website

No.

 

Forms available on the website

Personal Assets Trust

Zero charge

-

0131 538 6605

View website

No

The Scottish Investment Trust PLC

 

The SIT ISA

 

Plan manager:

SIT Savings Ltd

No initial or closure plan charge

The ISA annual management fee is 0.6% (including VAT) currently capped at £30 + VAT

No limited period

For literature: 0800 42 44 22

For further information: 0131 225 7781

Or email: info@sit.co.uk  

View website

You can download an application pack from the website.

Standard Life Savings

There is no entry, exit or annual management wrapper charges for the following trusts:

Standard Life Equity Income Trust plc

2. Standard Life UK Smaller Companies Trust plc
3. Standard Life European Private Equity Trust plc
4. Standard Life Investments Property Income Trust Limited

On-going

0845 60 24247

View website

You can download an application for an ISA or a savings plan

Witan Investment Services

Free ISA dealing on all lump sum postal and telephone dealing. The usual dealing charge is 1%. This offer is subject to a minimum of £2,000 for new accounts and £1,000 for existing investors who wish to top up.

30th April

0800 082 8180

View website

Yes (although offer only applies to postal and telephone dealing).

-Ends-

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Notes to editors
The Association of Investment Companies (AIC) was founded in 1932 to represent the interests of the investment trust industry – the oldest form of collective investment. Today, the AIC represents a broad range of closed ended investment companies, incorporating investment trusts and other closed ended investment companies and VCTs. The AIC’s members believe that the industry is best served if it is united and speaks with one voice. The AIC’s mission statement is to help Members add value for shareholders over the longer term. The AIC has 336 members and the industry has total assets of approximately £100.8 billion.