WE ALL like to receive something for nothing. So here's one special offer.
Equitable Life will be launching its new Individual Savings Account (ISA) on 6 April. The account, offered through its unit trust subsidiary, is a fund which tracks the UK All-Share index. Normally, such accounts levy an annual charge of up to 1 per cent, but Equitable says you can hold your money free for a year. It will then charge 1 per cent. This is cheap, but not brilliant: Legal & General charges 0.5 per cent in annual fees. The answer is to invest with Equitable Life in year one and then switch to Legal & General. Call 0171-606 6611.