Briefly: An ethical PEP from Scotland

SCOTTISH Equitable is offering investors the first ethical personal equity plan from a Scottish investment house. Through the offer, PEP holders will be able to avoid investing in companies that have subsidiaries in South Africa, that perform animal experiments or that make political donations larger than pounds 10,000.

A range of other investments, including gambling and weapons companies, are also ruled out.

An administration fee of pounds 45 plus VAT is to be waived until 30 September. Information from Scottish Equitable on 031-556 9101.