ISA Procedures

Quarterly Income Distribution

Paid on the 20th May / 20th Aug / 20th Nov / 20th Feb.

Quarterly Income Withdrawals

Not currently advertised but available on request. Paid in Apr / Jul / Oct / Jan but calculated up to the end of the preceding month: i.e. April's payment covered all dividends accrued on the account up until the end of March.

Statements and Valuations

Sent in Jan (covering movements up until 30th Dec) and July (covering movements up until 30th June).

ISA Management Fees

0.5% taken in two equal payments (0.25%) in arrears, debited in April and October. If funds aren’t already on the account to cover the fees then units will be redeemed to cover any shortfall.

Investment of Monies

We will only invest once money is on the account (though the funds don’t have to have cleared). Monthly investment (regular investment by direct debit) is not currently in operation. Please advise if this is of interest.

Account Closures

A request must be made in writing and signed by the account holder - NOT the IFA that opened the account. Accounts are opened on the day the application form is received. The dealing order is executed as soon as the funds are available.

Contract Notes

These are produced once confirmation has been received from the Fund Administrators (this is not immediate). One note is sent to the underlying client and one to the IFA. They now reflect the initial charge due to the IFA.

Process Documents

Name
ISA Application Form (FSA)
ISA Terms and Conditions
ISA Transfer Form