TD Waterhouse offers free administration on ISA and PEP accounts

TD Waterhouse, one of the UK’s leading execution-only brokers, will offer free administration for ISA and PEP trading accounts in a move to increase value and service to customers.

From 1 October 2007 any new trading ISAs opened with TD Waterhouse will NOT be charged an administration fee if the account is valued at £3,600 or more. ISAs valued up to £3,599.99 will pay a fee of £30 + VAT. This will also apply to PEPs transferred to TD Waterhouse.

In addition to this great new fee incentive, investors moving to TD Waterhouse will benefit from:

A wide range of UK equities plus international equities from 16 international markets;

Choice of a wide range of Unit Trusts and OEICs from leading providers from a zero initial sales charge;

Choice of gilts, bonds, investment trusts and exchange traded funds;

Online and telephone access;

Customers transferring existing PEPs or ISAs to TD Waterhouse can consolidate their tax-free investments into a single PEP or ISA. Customers will receive a single detailed statement and benefit from zero charges, simplifying their portfolio management.

Angus Rigby, Chief Executive Officer of TD Waterhouse UK, said “This price change is about delivering incredible value and service to our customers. Our new zero-rate means that customers can literally make more from their ISA allowance. Because there is no administration fee, customers trading through a TD Waterhouse ISA or PEP will reap the benefit - the whole ISA/PEP investment works harder for them and their returns are maximised.”

Investors wanting to find out more about the new pricing structure should visit tdwaterhouse.co.uk.