Jupiter waives fees on Pep and Isa transfers

Group forgoes fees on transfer business in bid to attract investors switching plans

Jupiter is to waive the initial fee on all its Pep and Isa transfer business at a time when this area of the market is overtaking the amount of new Isa business being done by companies. It joins groups such as Threadneedle, Credit Suisse, and Invesco Perpetual, who only charge 3% commission for Pep and Isa transfers, which is increasingly being rebated by advisers, effectively dropping the fee to zero. While investors may have experienced heavy losses in one fund, by switching to another, which levies the full initial charge, investor's capital will have to grow that much more in the n...