Pep

RichardandJudy

I have a small Halifax PEP how do I obtain likely yield from this and I have been advise to turn the cash form the PEP into and ISA linked to China how do I do this and what is likely cost for cashing the PEP and starting an ISA

dunstonh

I've got a small Halifax Pep How do I check the performance

You can check past performance on morningstar, trustnet or citywire websites.

and likely yield so that I can decide what to do with it.

future performance is unknown. We can only judge potential and expectation but it is an estimate.

I have been suggested to turn the money in the PEp into an ISA

No. You dont need to do that. You should not withdraw the money and put it into an ISA. All you need to do is transfer between providers. This should be done at zero cost to you (although a small fee is allowable if there is a lot of work involved).

one linked to China how do I do this

Halifax investment funds are generally rubbish and they way they tell you to invest is very poor (normal for tied agents from banks as they are not allowed to give proper investment portfolio advice). You should be doing something. However, whether you should put it all into a China fund is a big jump in risk. You are talking about a fund with a +100/-50% a year potential performance. Could you handle a 12 month period where the investment could drop to half it's value?

Single fund investing is also old fashioned and will result in lower returns over the long term.

Liz_the_Whizz

I'm just going through the process of transferring my old PEP to Hargreaves Lansdown. Decided to convert it to cash for transfer as it was a bit tired and then invest in new funds via HL.

I just filled in the transfer form which HL sent me and they have done the rest. My old provider promptly sent me a final statement and now HL are buying the new funds, so the only costs AFAIK are those in incurred on intial investment with the new funds. And any potential loss while your money is not invested, but could work both ways.

But as HL discount all or most of these, costs are minimal.

Very slick so far, I'll let you know if I hit the rocks.

dunstonh

so the only costs AFAIK are those in incurred on intial investment with the new funds.

You would expect there to be no charges with the majority of funds. A few exceptions but most fund supermarkets have negotiated it down to nothing.