Now's the time to pick up a PEP

Article Abstract:

The UK personal equity plan (PEP) market is still strong, according to Perpetual's marketing director, Roger Cornick, who projects that sales will increase at the end of 1998. Unit trust PEP investments reached a record GB 1.7bn in April 1998 and net sales of nearly GB 700mn for May 1998 represented a 15% increase on the year earlier. The fact that Individual Savings Accounts (ISAs) will succeed PEPs after the April 1999 abolition of new PEPs is cited as the main reason for the current strength of the PEP sector. Existing PEPs are to be ring fenced as of April 1999 and the feeling is that now is the best time to be opting for a PEP. Anthony Yadgaroff of Allen Direct, the PEP discount broker, believes that with tax allowances being cut, investing in PEPs as a long-term savings strategy is a wise idea.

Comment:

UK: Personal equity plan mkt is still strong, according to Perpetual's mktg dir, who projects increase in sales at end of 1998

Sales & consumption, Unit Trusts (Oil, etc), Other Financial Vehicles, Unit investment trusts, Article

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Exciting times for electrical engineers

Article Abstract:

UK companies that have traditionally employed electrical engineers could face a shortage of recruits as more potential electrical engineering students are attracted into the related areas of microelectronics and computing. Furthermore, some electrical engineering degree courses have been dropped or have changed their emphasis to electronics. There are also concerns about the calibre of students on the remaining pure electrical engineering courses.

Electrical Engineers, Recruiting

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UK: AUTO PRECISION ISSUES RESULTS WARNING

Article Abstract:

Engineering company Automotive Precision has warned that its results for the second half of 2000 will be below market expectations. The company said its passenger vehicle and truck schedule was almost zero for the remainder of the year.

Engineering for Motor Vehicles, Forecasts and trends, Brief Article, Engineering services, Engineering firms, Automobile industry, Automotive engineering, Automotive Precision Holdings PLC

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