CGU is launching a Pep transfer service which has no initial charge but does pays IFA commission. As...
CGU is launching a Pep transfer service which has no initial charge but does pays IFA commission. As previously reported in Investment Week, the product offers access to CGU's eight Pepable unit trusts. The CGU funds available through the Pep transfer facility include Monthly Income Plus, High Yield, Preference, Equity Income, Europe Growth, Smaller Companies, UK & General and UK Growth. IFA commission is 1% initial and 0.35% renewal. There is an exit charge on a sliding scale from 5% down to 1% during the first five years. There is no exit charge after five years or on death of the cli...
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