OMAM cuts Pep and ISA transfer fees

Old Mutual Asset Management (OMAM) has cut the fees on Pep and Isa transfers into its range of unit ...

Old Mutual Asset Management (OMAM) has cut the fees on Pep and Isa transfers into its range of unit trusts, enabling IFAs to transfer client's Pep assets for no initial charge, writes Robert Stock. The charge, which was 4%, has been cut to 3% but is entirely composed of IFA commission and can be rebated in full by IFAs to their clients. The offer lasts until the end of June when the charges return to their pre-offer levels. It is the second time OMAM has cut the charges on Pep and Isa transfers. On 1 January this year, the group slashed the initial charge from 5.5% to 4% to bring itself ...