View more on these topics

&#39Outdated Peps need more reviews&#39

The vast majority of Pep inv-estors have distorted and outdated portfolios because their accounts are not being reviewed as often as they should be, according to Bates Investment.

The IFA says the average unit trust or Oeic Pep account holder has a portfolio with an 83 per cent weighting in UK equities despite the fact that the UK stockmarket only makes up around one-tenth of the total value of global markets.

Using Investment Management Association data, Bates says the average portfolio has 6 per cent in fixed interest, with just 0.01 per cent invested in the US, which accounts for around 55 per cent of the combined value of the world&#39s markets. It says such weightings do not reflect the needs of investors, who want more exposure to fixed interest as they grow older.

Bates says rebalancing to bonds will also provide greater tax advantages after April 2004 when equity holdings in Isas and Peps lose their ability to reclaim the current 10 per cent tax paid on dividends. Fixed-interest funds, however, are still expected to be able to reclaim the 20 per cent tax on the income they produce.


Christows – Multi-Manager Portfolio Service

Wednesday, 23 October 2002 Aim: Income or growth by investing in exchanged traded funds, unit trusts and Oeics Minimum investment: Lump sum £25,000 Investment split: Choice of managed growth, overseas growth, worldwide growth, rising income and high yield portfolios Income facility: Yes Charges: Initial 4%, annual 1% Commission: Initial 3%, renewal 0.5% Tel: 0800 0353200

PI in the sky as IFA&#39s premiums rocket by 650%

A Brighton IFA has been hit with a 650 per cent rise in its professional indemnity insurance despite having minimal exposure to potential endowment or split-cap misselling claims.SR Financial Management submitted a PI renewal form to insurer St Paul several weeks ago, expecting to receive a quote roughly comparable to the £5,040 it paid for […]

Realistic on retirement

The Government has signalled that it will produce a Green Paper on pension policy before the end of the year. Meanwhile, the House of Commons Work and Pensions select committee has begun an inquiry into the future of UK pensions and will be taking evidence soon.How can this all be? Did the Government not publish […]

Cleaning up facts on laundering

I refer to the article in Money Marketing, October 10) head-lined, IFAs attack Cofunds on laundering rules, which suggests that there is a “quirk” in the anti-money laundering system used by Cofunds.As the supplier of the anti-money-laundering system that Cofunds is using, Experian would like to clarify some of the points made in your article.First, […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm