Fundsmith Equity Fund
709.00p T Class Acc, 24 Apr 24

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An ISA (Individual Savings Account) is a savings account available to UK residents on which the return is tax-free and which need not be declared on the investor’s tax return. All income (dividends and interest) and all capital gains within the account are free of tax. For the current year, 6 April 2024 to 5 April 2025 the overall investment limit is £20,000 (excluding the British ISA which has a separate £5,000 limit).

 
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FSA consults on changes to platforms market

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FUNDSMITH WELCOMES TODAY’S FSA PLATFORM CONSULTATION PAPER

 
Terry Smith, Chief Executive of Fundsmith comments on today's FSA Platform consultation paper:

 

"I welcome this announcement formally proposing a ban on funds providing payments to platforms.  We are aware that many consumers have been frustrated at not being able to invest with Fundsmith because certain platforms haven't been prepared to offer our fund as they could not accommodate our low charges. Transparency is fundamental to a successful fund management model.  There has to be a clear-cut charging structure for receiving advice, for the fund manager and for the platform."

 

Click here for full paper