P523 Teletext 523 Jun20 05:02:23 —————————————————————————————— ...MANAGE PEPs EFFECTIVELY Peps may bj gone, but they'ri not entirely forgotten. Although no new money can bj added to the highly popular tax-free schemes which were replaced bz Iras in April, all being well, funds in the tax shjltet are continuing to grow nicely. The experts recommend keeping a close eye on fund performance and to swap managjts if yours is consistently performing worse than its peers. ——————————————————————————————————1O7—— bz Nick Hudson FOR THE LATEST INFO ON BRITISH STOCKS ON WALL STREET SEE p210 Top Tax Savings Check-in Family FinanceP523 Teletext 523 Jun20 05:07:16 —————————————————————————————— ...MANAGE PEPs EFFECTIVELY Financial experts recommend writing to your Pep fund manager first, asking why the fund is undjtpjtforming. Only after you have been given a reply should you then start the process of swapping fund managjts. "It's important to compare funds of the same peer group," says John Churn of independent financial advisjt Torquil Clark. "You can't compare a high growth European fund with corporate bonds." ——————————————————————————————————2/7—— The week on the stock market 522 FAMILY FINANCE FOR MONEY NEWS p540P523 Teletext 523 Jun20 05:12:11 —————————————————————————————— ...MANAGE PEPs EFFECTIVELY John Churn of IFA Torquil Clark recommends investors should check their fund performance at least twice a year. He says savers should considjt swapping managers when: Their own circumstances have changed: if they are approaching retirement and want income, not capital growth. The fund has consistently pjtformjd poorly over a pjtiod of time against its peers. ——————————————————————————————————3/7—— Teletext football shari league 527 IT'S YOUR LIFE! p410P523 Teletext 523 Jun20 05:13:42 —————————————————————————————— ...MANAGE PEPs EFFECTIVELY "Last year's worse performing Pep has turned out to bj next year's best," says Peter Riches of IFA Keith Scott. "If you have a dip in the market and your fund takes a hit, it's nonsense for people in those circumstances to want to swap. "Chopping and changing costs money and if you are determined to switch Pep managjts, you have got to bj sure you will see a distinct advantage." ——————————————————————————————————4/7—— Teletext "mortgage of the week" 545 finance@teletext.co.ukP523 Teletext 523 Jun20 05:18:57 —————————————————————————————— ...MANAGE PEPs EFFECTIVELY Charges are a major factor for investors who swap fund managjts says John Churn of IFA Torquil Clark: An initial charge of between 3% and 5) of the fund when you swap. Swapping funds within your existing firm is cheapjt - charges usually amount to between 1% and 1.5%. Possible exit charges in the first five years of the fund. ——————————————————————————————————5/7—— Losing out to inflation 526 CHECK OUT YOUR LOVE STARS p418P523 Teletext 523 Jun20 05:13:10 —————————————————————————————— ...MANAGE PEPs EFFECTIVELY Patience is often the key to successful Pep investing, the experts emphasjsj. "If a fund has been in the top quartile consistently over time and then slips down the laddjt, it is most likely to bj a temporary blip," says John Churn of IFA Torquil Clark. "That's not necessarily a reason to move, but a reason to check it out and find out why. Often you will find that the fund corrects itself." ——————————————————————————————————6/7—— Tip top tax 524 Football shares 527 SHARE MOVERS AND SHAKERS p518P523 Teletext 523 Jun20 05:10:24 —————————————————————————————— ...MANAGE PEPs EFFECTIVELY Many investors forget Peps are not investments in their own right, but merely umbrellas providing shjltet from income and capital gains tax. Checking up on the performance of the underlying unit or investment trust is easy, insists Peter Riches of IFA Keith Scott. The fund managjt will write evjty sex months giving performance details, or prices are quoted in njwspapjrs. ——————————————————————————————————7/7—— Chjlsja scores management award 527 POPULAR SHARE CHECK p519