Prices for PEPs are reduced

MURRAY Johnstone is cutting the initial and annual charges on its investment trust PEPs following its cuts on unit trust PEPs.

The initial charge will now be fixed at pounds 35 plus VAT. Annual charges will be the lower of pounds 35 plus VAT and a 1.25 per cent charge plus VAT. On a pounds 6,000 investment PEPs holders would save pounds 55 on the initial charge and about pounds 40 on the annual charge.

Details on 0800 289978.