Money off for early investors

F&C Management is urging investors to put money into ISAs early this year and is offering a to waive fees for people who do.

09:56 13 May 2004

F&C Management is urging investors to put money into ISAs early this year and is offering a to waive fees for people who do.

It is giving investors the chance to save the 50 + VAT initial charge when they invest in one of the Investment Trust ISAs on offer. However, the waiving off this fee only lasts until the end of this month.

The director and head of UK retail marketing at F&C, Georgette Harrison, commented: "Historically, people who invested lump sums early in the tax year have seen their ISAs grow - this has certainly been the case in 13 out of the last 16 years including last year, when the UK stock market rose around 30 per cent from its low of March 12th. "

To benefit, investors have the choice of four different F&C Investment Trust Maxi ISAs, and three trust from the Mini ISA range.

Ms Harrison also mentioned monthly saving plans, which help to minimise the effect of market fluctuations throughout the year: "Alternatively, investors can still benefit from the special offer if they set up a monthly savings ISA before May 31st."

F&C Management is also offering investors the opportunity to transfer their PEP or ISA into one or more of its range of investment trusts, without paying the 25 + VAT transfer fee until May 31st. This is in addition to waiving the 50 initial charge, which effectively means investors only have to pay 0.2 per cent dealing commission on shares purchased.