A free guide has been published that could help save investors hundreds of pounds on their ISA Investments.

Last year, Financial Discounts Direct saved investors more than £1 million on the commission paid and charges levied by the fund management industry.

The Red Guide 2008, published by the company, details its ISA investment offers for the 2007/08 and 2008/09 tax years.

Financial Discounts Direct has been able to negotiate discounts on 13 top funds from eight of the market’s biggest names – Allianz, Artemis, Fidelity, Gartmore, Invesco Perpetual, JPMorgan, New Star and Schroders.

With the ‘reduced initial charge’ on many funds at 0 per cent – even on popular funds like Invesco Perpetual Income – those investing the maximum £7,000 maxi ISA allowance for the 2007/08 tax year can buy additional units to the value of as much as £328.

Paul Penny, managing director at Financial Discounts Direct, says, ‘Whether the stock markets are strong or depressed, it simply makes good sense to ensure you’re not paying more than you absolutely have to on your investments.

‘Over the long term, we may well look back on current market conditions as a great buying opportunity, and we have a number of funds that offer great growth potential. For those investors who are understandably nervous in the current climate, our message is “use it, don’t lose it”.’

The Red Guide 2008 – Your Guide to the Best in Investment ISAs is available free. To get your copy, call freephone 0500 498 477 or email enquiries@financialdiscounts.com