Britannic Asset Management is offering commission of up to 4% on Pep transfer business across its ra...
Britannic Asset Management is offering commission of up to 4% on Pep transfer business across its range of Pepable unit trusts. The initial charge of 3% remains the same and the offer applies from 3 July to 31 August.
The enhanced commission, which is normally 3%, applies to all eight Pepable funds, including Britannic's S&P frA-rated High Income Bond Fund, launched in February 2000.
For this fund, the discount is being extended to include all lump sum Isa unit trust and Pep transfer investments. The standard front-end charge of 4.25% is being discounted to 3%. IFAs are still offered 4% commission during the special offer period.
Francis Gilhoni, managing director of Britannic's retail division, said: "The High Income Bond fund has been well received by the market since its launch at the start of this year. The fund, aimed at those seeking a high regular income, is currently yielding 9%, which is payable monthly. The high income combined with an attractive discount will give the fund an edge in a very competitive market."
Gilhoni said the Pep transfer market is a large and growing market and the discount offer combined with high commission will appeal to investors who are looking to reassess their current choice of funds and provider.
Britannic accepts transfers from all other Pep managers at a minimum value of £500.
Clients may switch from one fund to another at no additional charge and two switches are available each year.
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