|
|
There are a variety of types of investment available. Advice is given on the need for income
and/or capital growth, with careful consideration of the future needs of the clients. With all
investments there should be a careful balance between the requirement of access and attitude to risk levels, as well as tax efficiency.
INDIVIDUAL SAVINGS ACCOUNTS (ISA’s)
PERSONAL EQUITY PLANS (PEP’s) UNIT TRUSTS/OEIC’s
Advice is given as part of the financial planning process on these types of investments. ISA’s were introduced by the Labour Government in April 1999. Many clients have capital invested in PEP’s. It is essential that fund performance is reviewed regularly. Many clients are unaware that it is possible to switch funds within companies and that PEP’s are portable between
insurance providers (subject to possible exit penalties or discontinuance charges).
WRAPS
Many clients are bringing together existing PEP ISA & OEIC portfolio’s into a funds Supermarket arrangement, such as Fidelity, Skandia, Co-Funds and The Bigger Picture. These arrangements enables the client to value their investment holding on a regular basis, on going switching costs are greatly reduced, as is the amount of paperwork.
"The value of investments can fall as well as rise. The tax treatment of products is based on our understanding of current legislation, which is subject to change."
|
|
|
