Credit Suisse gets Isa and Pep status for vehicle

Credit Suisse has received confirmation from the Inland Revenue that its Target Return fund will qua...

Credit Suisse has received confirmation from the Inland Revenue that its Target Return fund will qualify for Isa and Pep status. Launched on 14 April, the fund will be eligible for the full £7,000 stocks and shares Isa allowance, as well as a permitted investment for existing Peps, via the FundsNetwork, Cofunds, Selestia, Transact and Hargreaves Vantage platforms, from June. Product development manager at the group Toby Hogbin said that in light of the absolute return nature of the fund, there was initially some doubt over whether it would pass the test for maxi Isa eligibility.