Investment charges have been cut at Britannic Asset Management .

The financial services provider has reduced the fees charged on its Argonaut European Income Fund as well as on the Cartesian UK Opportunities Fund for individual savings account (ISA) investors .

The new charge for bond and equity funds is three per cent, down from 4.25 and 5.25 per cent respectively.

Britannic's Argonaut European Income Fund has seen returns at a level of 42.8 per cent since it was started in May last year. It is worth £163 million.

Currently, the fund offers a net yield of 4.7 per cent. Britannic claims this is the only true European equity income fund in which Britons can invest .

This is the first ISA season where our boutique funds from Argonaut and Cartesian have been available and the added discount makes them even better for inclusion in a long-term portfolio, according to Jonathan Polin of the financial services provider.

Britannic, which specialises in asset management, ownership and administration of closed life and pension funds, claims to manage over £30 billion worth of assets on its clients' behalf.

It manages equities, bonds and property on behalf of individuals and large institutional clients.