Fund Management
UK Fund Manager Offers Discount on ISAs

UK-based Artemis Investment Managers has announced it is offering a 1 per cent discount on fees on ISA investments with immediate effect. Nick Wells, product and communications director at Artemis said: “The Chancellor’s decision to extend the current ISA structure beyond 2010 has given them a welcome permanence, which makes them an even more mainstream part of the discussion between investors and their advisers. There are certainly signs that the retail market will be very active over the coming months.” In his pre-budget report the Chancellor confirmed that the distinction between mini and maxi ISAs would be removed and that it would be possible for investors to transfer money in cash ISAs into equities without losing tax relief, although moving from equities to cash is not allowed.