Changes to Pep regulations in April 2001 opened the gates for the Pep transfer market, which is now worth some £90bn in the UK and has meant substantial new business for advisers.
With some estimates valuing the Pep transfer market at £90bn and the removal of transfer restrictions in April 2001, the opportunities for advisers could be significant. With the Isa season now nearing its conclusion, the past few months have seen the media dedicating pages to Isa-picking, fund experts giving their top tips and websites ominously counting down to the tax year end. But while intermediaries are stuck in the myopia of Isa fever, there is a potentially much greater opportunity relating to Nigel Lawson's great gift to the British public, the personal equity plan (Pep). The c...
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