Hi-tech Investor: Surf the web for your final PEPs
Sunday 17 January 1999
The internet offers two valuable research resources: TrustNet and Interactive Investor's PEP Centre. TrustNet is not specifically geared towards PEPs; instead it covers the whole unit trust market in detail, with a wealth of supporting material on unit trusts that is well worth reading.
Interactive Investor's PEP Centre is a well organised and comprehensive place to start research. The site displays performance figures for PEPable unit trusts, taking the data from Standard and Poor's Micropal.
Browsers have access to the snapshot figures on the first page. This includes the top performing unit trusts over five and two years, and the top three geographical sectors for growth, again over five years. Interactive Investor has also compiled the most popular unit trust PEPs held by its users, and lists their performance.
More detailed information is available to registered Interactive Investor users, but registering online is straightforward. Once this is done, the PEP Centre lets visitors search for the top 10 funds, or look at the performance of individual funds in more detail. The site graphs its performance against the sector average on the FT-SE All Share index; the entire process is commendably quick. There is no facility to invest online, but web users can order literature on each fund via Interactive Investor. The site also has a direct link to PEP providers which do have an online option.
These include companies such as Fidelity, which has sophisticated PEP management functions on its website, NetPEP, which only sells its tracker- based funds over the internet, and companies such as the brokers Charles Schwab, which lets its clients manage their PEPed shares via the net.
For investors who know the PEP they want, and who want to save some money, discount brokers are the ideal way to buy a PEP; several have set up shop on the internet.
PEP providers pay a commission to "introducers", usually financial advisers, who bring in business. Discounters work by refunding almost all their commission to investors. Commission rates can be as high as 5 per cent, although the average is 3 per cent. There is little or no risk attached to dealing with a broker, as investors write their cheques to the PEP company, not the intermediary.
Discount brokers with websites include Allenbridge, IFA Online, Garrison Discount Investments and PEPDirect. None has online transactions - investments are finalised by post. Each has a slightly different approach, so it is worth visiting several sites.
Links: Allenbridge, www.allenbridge.co.uk; Charles Schwab, www.schwab- worldwide.com/europe; Fidelity, www.fidelity.co.uk; Garrison Investments, www.garrison. co.uk; IFA Online, www.investments-online.co.uk; Interactive Investor PEP Centre, www.iii.co.uk/pep; NetPEP, www.netpep.co.uk; PEPDirect, www.torquilclark-pepdirect. co.uk; TrustNet, www.trustnet.co.uk
- 1 Cyclist who knocked down three-year-old girl says his life has been 'destroyed'
- 2 A politically correct lefty goes to see Top Gear live – you'll probably believe what happened next
- 3 Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
- 4 Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
- 5 Snoop Dogg on why he doesn't regret displaying misogyny towards women
Isis 'jihadi bride' claims forced sex with Yazidi girls is never rape because Koran condones it
Woman accidentally shoots herself in the head while posing for a selfie
How China's richest man Li Hejun lost $15bn in an hour - and made a fortune
Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
Snoop Dogg on why he doesn't regret displaying misogyny towards women
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
The day that Britain resigned as a global power
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland
Gay marriage 'Bert and Ernie' cake bakery found guilty of discrimination in Northern Ireland
iJobs Money & Business
£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...
£45,000 - £55,000: Neil Pavier: Are you looking for your next opportunity for ...
£45,000 - £55,000: Sheridan Maine: Are you a newly qualified ACA/ACCA/ACMA qua...
£50,000 - £60,000: Laura Norton: Are you looking for an opportunity within a w...