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BFS in bid to attract Invesco Peps

BFS Investments is reducing its minimum Pep transfer value to £3,000 from £5,000 until the end of August to attract Invesco Perpetual investors wishing to retain their Pep status.

The move follows Invesco&#39s decision to stop managing Pep accounts with direct shareholdings.

Investors have been asked to choose between selling their shares and switching them into an Invesco fund, continuing to hold them outside a Pep wrapper or transferring to another provider.

BFS&#39s Personal Selection Pep gives clients the option of investing in any UK-quoted company with a full stockmarket listing, unit trusts, Oeics, investment trusts or qualifying gilt-edged stocks.

Pep transfers can be made in cash or by reregistering the shares at no cost. If a Pep is worth less than £3,000 but the client has other Peps, they can be consolidated and transferred to meet the minimum investment.

Commission is flexible, allowing up to 3 per cent initial and 0.5 per cent trail. IFAs can download information on the Personal Selection Pep by logging on to

Director Nigel Sidebottom says: “We are delighted to offer this service to Pep holders who are being rejected by Invesco Perpetual and who are looking to choose their own stock.”


Axa IoM&#39s offshore bond offering hedge Fof for cautious investors

Axa Isle of Man is launching a new offshore bond designed for cautious investors which invests in a fund of hedge funds.The defensive bond is an offshore unit-linked single premium bond investing in a low-risk fund of hedge funds. It aims to provide a return two to three times better than cash with low volatility.Axa […]

Yodlee in aggregate warning to IFAs as it closes in on UK

The US firm warns IFAs that failure to come to terms with the new technology could mean them losing selling opportunities to high-street banks.Aggregation, which is widespread in the US, gathers information from all a client&#39s different accounts and presents it on one website with one password.UK banks had refused to pass on data to […]

The Darling legacy

The Secretary of State for the 1 per cent World has moved to Transport. But is pension policy about to hit the buffers?Alistair Darling has, according to the UK&#39s political correspondents, established his reputation as a safe pair of hands at the DWP. One wonders if this elite bunch of hacks bother to read their […]

Product matters

The New Start mortgage for divorcees from The Mortgage Business is the second mortgage this year targeted at the increasing number of divorcees in the UK.The first, from Charcol, enabled a divorced partner to use maintenance income without a court order as a source of income for a mortgage.The New Start loan, marketed by The […]

Sticking to valuation discipline when investing in China

Journalist Alexis Xydias discusses the opportunities – and potential pitfalls – of investing in China with Artemis fund manager Peter Saacke. With Peter holding significant positions in China in the Artemis funds he manages, journalist Alexis Xydias quizzes Peter on the risks of investing in Chinese stocks – including over-valuations, margin trading and financial reporting issues. Click here for video


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