Bargains in PEP wars

THE PRICE war between fund management companies selling personal equity plans gives would-be investors the chance to take advantage of some special offers in the market.

For example, Prolific is cutting the initial charge on its PEP range from 5.25 to 3 per cent until 1 June.

Axa Equity & Law offers a 1 per cent discount on investments into its PEP 2000 Plus until 13 May. The discount applies to initial charges ranging between 5 and 6 per cent.

Save & Prosper is halving the 1.5 per cent initial charge to 0.75 per cent on its Managed Portfolio PEP, for investments of pounds 4,000 or more until 5 April.

The company is also offering a 1 per cent discount on the Unit Trust PEP.