Jul 7 2006
Savers should consolidate their individual savings account (Isa) and personal equity plan (Pep) investments under one roof, according to one fund manager.
Peps and Isas are investors' first port of call when it comes to stock market investing, according to F&C, but many have lost track of how their funds are performing.
The performance of a fund changes over time and what could have been a first rate fund five, ten or 20 years ago, may not be now.
"Many investors are paying the price for keeping their Pep investments in under-performing and unsuitable funds or trusts. The good news is that both Peps and Isas are transferable, still retaining their tax benefits," said Linda Webb, director of marketing for investment trusts at F&C.
The cost of making the transfer can vary, some charge an exit fee while others will charge an initial investment fee or annual charge or both.
"By consolidating all your Pep and Isa holdings under one roof, you can realign your investments with your current needs and you may also reduce your costs," said Webb.
"Transferring your holding to a single fund manager also eases the administrative burden of monitoring all your investments with a single statement summarising all your F&C investments."
F&C offers a range of investment products, for more information click on our free brochures page.
