PEPs & ISAs - sorting out your financial affairs

Over time you may have accumulated a considerable sum in PEP and investment ISA accounts. These may be with many different providers and spread across a variety of investment funds. ISAs replaced PEPs from April 1999 so to date you could have accumulated numerous different investment ISA accounts.
The economic climate is constantly changing and fund managers come and go. This may result in funds that were once high fliers now being underachievers. Your financial objectives and tolerance to investment risk may also have changed leaving your existing portfolio in need of a review.
Reasons for reviewing your PEP & investment ISA funds could include:-

Simplification – to bring all of the investments onto one administration platform and reduce your paperwork.
Investment strategy – to develop a single coherent investment strategy for all of the funds which is suited to your current objectives and risk tolerances and may be reviewed on a regular basis.
Performance – to identify underperforming investments and reallocate assets to more appropriate funds.
To provide a regular tax-efficient income.

We can help you with advice on how you can simplify your PEP and ISA portfolio and benefit from an investment review and ongoing investment advice.

From April 2008 PEPs, ISAs and TOISAs will all be collectively referred to as ISAs and subject to the new ISA rules.

Further information on ISAs and other investments can be found on the Financial Services Authority Website – www.moneymadeclear.fsa.gov.uk/ . Useful facts and information about ISAs can also be found on the HMRC Website - www.hmrc.gov.uk/isa

For more information and advice please contact Expert Financial Solutions.

Updated: June 2008

Expert Financial Solutions Ltd are independent financial advisers (IFA) / financial planners based in Witney, Oxfordshire. We serve the local community in and around Abingdon, Banbury, Bampton, Bicester, Burford, Chipping Norton, Cheltenham, Cirencester, the Cotswolds, Henley on Thames, Kidlington, Lechlade, Oxford, Wantage, Witney and Woodstock. We specialise in pensions, retirement planning, pension annuities, investments including PEP, ISA, OEIC, unit trusts and investment bonds, and inheritance tax (IHT) mitigation and trust investment. One of our advisers is a Chartered Financial Planner and we are proud of having Oxfordshire's only Resolution qualified and accredited IFA for pensions on divorce.