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Neville James was first with Tep Oeic

Regarding the article headed, Beale Dobie Oeic is first to invest in Teps, I should inform you that Neville James Fund Managers became fund manager to the first Tep-based open-ended investment company (Oeic) in 1996.

The With Profits Plus Fund capitalises on the benefits of guaranteed locked-in values offered by with-profits endowment policies and has a number of attractive features, including no bid-offer spread and up to 5 per cent commission for IFAs.

The fact that another market-maker is following Neville James&#39 example in launching a Tep Oeic illustrates not only the success of our innovative initiative but supports the continued growth of the Tep market.

Helen Langton

Marketing manager,

Neville James,

Chichester,

West Sussex

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