Safety-first funds lead bond Pep race
Article Abstract:
UK corporate bond personal equities plans (Peps) are being launched following changes in tax rules covering these products by the UK Treasury. Two companies launching such funds are Johnson Fry, and Legal and General which offer guaranteed returns. The UK market for bond Peps will be worth some 6 billion pounds sterling annually by 2000, and companies are competing fiercely for a stake in this market. Over 25 Peps are planned following the announcement of tax changes.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Picking the perfect Pep
Article Abstract:
Investors interested in bond personal equity plans (Peps) can gain a tax-free income which outperforms that given by building societies. Investors can choose between investment trusts and unit trusts and should consider their willingness to assume risk. Guaranteed Peps offer less risk. Growth of capital is not guaranteed though the capital is. The past record of the fund manager is important, as are the charges, since high charges can mean that capital is eroded.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Unit trusts: disclosure rules under fire
Article Abstract:
The UK Personal Investment Authority (PIA) has issued disclosure rules affecting unit trusts which have to set out commissions and charges clearly for investors. The industry is critical of the rules and they could be changed prior to being implemented in May 1997. Unit trusts are continually changing their charging structures which makes comparisons between trusts difficult. There are also doubts as to how rates of assumed growth should be measured
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Investment trusts. Investment trusts: discounts may mislead. Reporting and accounting for investment trusts
- Abstracts: A time for cool heads and wise reflection. Of tax rules and their consequences. When right ends and duty begins
- Abstracts: Comment on Peek, Rosengren, and Kasirye. Implementing FDICIA's mandatory closure rule
- Abstracts: In pursuit of excellence. Renaissance lawyer
- Abstracts: Market jitters. UK equities: correctly priced. When big ceases to be best