BFS targets Invesco Pep holders with transfer cut

BFS Investments is reducing its minimum transfer from £5,000 to £3,000 until 31 August to attract in...

BFS Investments is reducing its minimum transfer from £5,000 to £3,000 until 31 August to attract investors from Invesco Perpetual, which plans to close its single company Pep business. Invesco Perpetual announced in February that it was to cease running single company Pep accounts, with holders having until 26 July to make new arrangements. BFS's Personal Selection Pep allows investment into any UK quoted company with full stock market listing, unit trust/Oeic, investment trust or qualifying gilt-edged stock. The transfer can be carried out in cash. However, if the investor wants to...