Virgin Pep Account

tina4273

I have had £10,000 in a virgin pep account for the past 7 years and am down about £300.

I know peps are suppose to be long term but how long as I am not pleased with the return so far, so my question is...

Should I take it out and with the lost and put the money somewhere else - if so where or give them a bit more time to see if the share they are buying improve. ???

paul666

> give them a bit more time to see if the share they are buying improve.
It doesn't work like that. There is no momentum. Just because a tossed coin comes up heads six times in a row doesn't mean it's more likely to come up tails on the seventh toss....
You need to ask yourself "If I had 10k today, where would I put it"

Leaving aside investement choices for now though,
You need to find out the fund that is being invested in and the charges. If they, for example, are investing your money in an FTSE All-Share tracker and they are charging 1% then you should be able to transfer it to another provider that will continue to invest it in the same type of fund but for a reduced cost. be careful not to withdraw it though or it will cease to be a PEP. Also note that some PEP provider charge an exit fee. Why not post some more details...

Aegis

Why are you dragging up a 3-year old thread to laugh at the misfortune of a poster who has probably not even visited the forum in at least 2 of those 3 years?