To celebrate the launch of our online simplified advice stocks and shares ISA application service with Old Mutual Wealth, the combined service charge will be between 0.4% and 0.75% p/a depending on the amount of investments held.
There will be no initial advice fee, including no fee for lump sums and no fee for regular payments. The funds offered are Actively Managed Funds, however no fund manager charges are taken from your plan, instead the fund fee or Ongoing Charges Figure (OCF) is reflected in the daily prices of funds.
The cost of the actively managed fund depends on which fund the online service selects for you and a fully transparent easy to understand charges calculation will be clearly presented to you before you make your decision.
It's as easy as
Be aware that some providers may have extra hidden charges for changing your income amount, switching funds, additional statements or early exit penalties. We don't!
This service is for a simplified advice stocks and shares ISA which is easy to open and provides you with online advice to match an investment to suit your needs. Our online service evaluates your investment objectives and combines it with an assessment of your attitude to risk to create a suitable investment recommendation. When you're ready you can start online and all fees and charges will be clearly presented before you make your decision.
We have brought you this account opening service by teaming up with Old Mutual Wealth and are committed to providing you with a convenient, simple and low cost way to get straightforward investment advice with access to leading ISA funds. Old Mutual wealth (- part of a FTSE 100 company) is a leading retail investment business both in the UK, offering access to award winning funds who currently oversee £82.5 billion in customer investments. Meaning you can start investing today with confidence.
What about Performance?
In today’s busy world time management pressures often dictate the shape of an investment portfolio and our ability to manage our investments. So this ISA solution is aimed to cater for individuals who want easy access to actively managed discretionary ISA performance at a competitive price. The service provides quick easy access to expert fund managers who actively manage the Spectrum fund range on your behalf within your predefined risk banding. The performance aims to outperform their respective benchmarks and achieve risk sensitive returns above bank deposits.
I'm an existing Old Mutual ISA customer, what about me?
Don't worry you can top up your ISA as usual for no additional fee through the online contact centre, if you haven’t already registered for the service, please contact us for details.
What is an ISA?
There are two types of ISA:
A cash ISA and;
a stocks and shares ISA.
A cash ISA is typically a short term, easy access deposit based savings account; a stock and share ISA is a medium-to-long-term investment account held in a tax wrapper where you can choose the underlying investments your money is invested in. It’s a tax-efficient way for you to save or invest, but it should not be considered as a savings account to generate income. (If that is your goal, please contact us to discuss other options that may be more suitable).
This service is to apply for a stocks and shares ISA provided by Old Mutual Wealth Limited
Actively Managed Funds
An actively managed fund is a fund which has a fund manager buying and selling on your behalf to try and outperform the benchmark. The other type of fund is a passively managed funds which track a benchmark.
As you progress through this application we provide you with limited advice (known as ‘simplified advice’) - a more cost-effective service as it will only assess your requirements against the suitability of the Old Mutual Wealth Stocks and Shares ISA and investments into the Old Mutual fund range.
It is important that you are adequately covered against unexpected incidents that may lead to a loss of earnings. To meet this need you should review your life insurance, accident and sickness cover before making any investment.
The advice we provide here will not take into account your wider financial circumstances or protecting your income. If you wish your wider circumstances to be considered please call us on the number above.
INVESTMENTS HELD WITHIN A STOCKS AND SHARES ISA WILL FLUCTUATE INLINE WITH THE PRICES OF THE UNDERLYING ASSETS. THIS MEANS THE VALUE MAY GO DOWN AND YOU MAY NOT GET BACK THE ORIGINAL AMOUNT INVESTED.
INFORMATION IS BASED ON OUR CURRENT UNDERSTANDING OF TAXATION LEGISLATION AND REGULATIONS. ANY LEVELS AND BASES OF, AND RELIEFS FROM TAXATION, ARE SUBJECT TO CHANGE.