Virgin goes direct on Peps

Article Abstract:

Virgin is launching a personal equity plan (Pep) through direct telephone sales and advertising instead of teams using commission and independent financial advisers. The company is seeking a stake of between 10% and 15% of the market for Peps over a five year period, and also aims to enter the market for life insurance and pensions. The group's first Pep will be managed by Norwich Union. A spokesman from M and G argues that the 15% market share is an ambitious target.

Life Insurance, Direct Life Insurance Carriers, Financial services industry, Financial services, Marketing, Virgin Retail Group Ltd.

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Divided loyalties

Article Abstract:

UK investment trust boards have the role of protecting the interests of shareholders, but directors on the boards may be employed by the fund managers they are meant to control. Such director employees may be constrained in opposing rises in management fees. Fund managers tend to oppose enforcement of the independence of chairmen, despite these potential conflicts of interest. Directors may also represent large shareholders which may also affect their independence.

United Kingdom, Corporate governance

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Take control of your Pep: self-select Peps give investors much greater investment flexibility and control - but is the added cost worth it?

Article Abstract:

Personal equity plans (Peps) are usually associated with unit and investment trusts rather than self select Peps, but managed Peps do not offer as much investment freedom. Self-select Peps can be execution only offered by brokers, or advisory plans. The number of shares held at any one time or the range of managed funds to choose from may be restricted. There are also additional costs associated with self-select Peps.

Investment Funds & Trusts, Planning, Personal finance

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