TD Waterhouse zeros in on reduced fund charges for customers

TD Waterhouse, one of the UKs leading execution-only brokers, has renegotiated better discounts on Initial Sales Charges (ISCs) for its customers on over 900 Unit Trusts and OEICs, and introduced a wider range of funds from some of the UK's leading fund providers.

In January, TD Waterhouse made a commitment to introduce a wider choice of funds and Fund Companies with better discounts to the benefit of its customers. As part of this commitment ISCs have been reduced on hundreds of funds - including 429 funds now with a 0% ISC, and a further 282 funds with a maximum ISC of only 0.25%. The new discounts will go towards helping customers maximise their investment returns because their capital is not being diluted by upfront fees or charges.

Angus Rigby, CEO, TD Waterhouse, comments: "We want to offer the best possible choice along with the best value to our customers. Investors in the UK are becoming increasingly sophisticated and are looking for a wider range of products and extra services to fit with their investment approach. We aim to further increase the choice of funds throughout the year and will continue to adopt a competitive discount strategy to maximise returns for our investors."

The choice of funds of available covers the entire range of IMA (Investment Management Association) sectors and risk profiles and allows customers to tailor investment portfolios to match individual requirements, risk profile and sector approach - with fund choices ranging from UK growth to emerging markets such as Latin America or Asia.

In addition to the discounts already negotiated on over 900 funds to date, customers can also choose to deal in any fund from the UK funds universe through TD Waterhouse and enjoy some form of discount from the full ISC. TD Waterhouse will continue to improve its funds platform by adding more funds and Fund Company's with reduced ISCs on an ongoing basis, ensuring customers have access to the best choice available in the funds market.

Other benefits available from trading funds with TD Waterhouse include:

The ability to invest in lump sums or through regular payments using the TD Waterhouse Regular Investment Account or ISA,

The opportunity to maximise tax allowances through a TD Waterhouse Trading ISA, SIPP or Regular Investment ISA,

More cost savings thanks to zero fees on Trading ISAs with a balance in excess of £3,600,

Access to online research tools to help guide customers through their fund choices,

Consolidate equities and funds into one account with a single detailed statement to help customers' simplify their portfolio management.

Angus Rigby concludes, "Most of the funds available can be held in any TD Waterhouse account, including the tax-efficient wrapper of stocks and shares ISA or SIPP and are suitable for monthly investment in a TD Waterhouse Regular Investment Account or Regular Investment ISA. With reduced ISCs and no trading commissions funds, coupled with our ongoing zero fee pricing on ISAs with a balance in excess of £3,600, our customer's can ensure more of their money goes towards their investment and not on costly fees or charges."

For more information, visit tdwaterhouse.co.uk