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Independent fund manager BFS has designed a Pep Transfer product

Independent fund manager BFS has designed a Pep Transfer product aimed at investors who want to take a different investment strategy since the Pep was taken out.

The BFS Pep Transfer has four options: a Management option, a Self-select option, an Investment Trust option and a Single Company option. Pep holders can switch between them at any time, subject to charges.

The Management option offers nothing different to other Pep transfer products as it simply allows BFS to select clients&#39 portfolios according to their risk profile and needs.

But the Self-select option does mark BFS out from the rest. It should appeal to sophisticated clients who want to have a say in their portfolio and who feel frustrated when giving complete control to a fund manager.

The Investment Trust option spreads the risk factor as it pools investors&#39 money to invest in a set range of shares. But investment trusts are not widely known to clients and they often prefer to stick to more familiar areas, such as unit trusts.

Single Company Pep holders would find the Single Company option useful if they want to invest in a different European company or consolidate a number of holdings into one.

On the whole, the product is not a new idea, but it does contain some good features that Pep holers would find useful.


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