Edinburgh Fund Managers is claiming that it can offer IFAs' clients security from current volatile market conditions using its new Pep Protection Strategy.
This allows existing clients to transfer Peps into EFM's protected equity fund and then switch free of charge to a growth or income fund.
There is no initial charge on transfer of existing Peps but new Peps will be charged the standard 3.5 per cent.
On switches from Safety First Fund to UK Growth Fund, Fixed Interest Fund or Managed Growth portfolio, stamp duty will be covered by EFM.
The 1 per cent exit fee on switches from Safety First within 12 months of the original investment has been waived.