Information about PEP's

MarioG01

Hi Forum Members,

I am looking for some advice please, i have recently moved and found a fair bit of old paperwork as you do, and part of it it is information about a Lloyds Personal Equity Plans, Pensions and life insurance that i took out in the 90's and have forgotten about. Does anyone know if this plan is held in trust, grows or is cancelled over time as i dont recall cancelling them.

Can anyone advise me as to what i should do to trace them and any rights i may have?

Thanks in advance.

Mario

Reed_Richards

PEPS were converted into ISAs. PEPs and ISAs are just tax-free wrappers around the underlying investment which may have grown or fallen over time but should still exist. Lloyds would seem to be the obvious place to start when trying to trace these old investments.

Bear in mind the possibility that if you forgot about making these investments you may subsequently have withdrawn or transferred them and forgotten about that too.

dunstonh

Does anyone know if this plan is held in trust, grows or is cancelled over time as i dont recall cancelling them.

PEPs could not be held in trust. Pensions are a trust by default. Life assurance can be held in trust.

Growth over the long term would be expected on PEPs/ISAs, pensions and investment backed life assurance.

As mentioned, PEPs were reclassified as ISAs.

Can anyone advise me as to what i should do to trace them and any rights i may have?

Lloyds Bank have not gone anywhere and all Black Horse Life products were moved to Scottish Widows. So, you can ask at your Lloyds Bank branch or you can phone Scottish Widows.

As for rights, that is far too open a question to answer and would be rather pointless in doing so at this stage. i.e. if the products are still in force then all the options for those products will still be available. If they are no longer in force then they don't exist any more to apply any "rights" to.

MarioG01

Hi Dunstonh,

Thank you so much for the advice. I contacted Lloyd’s briefly and they said to go to a local branch so will pop in tomorrow to see if they can help. Thanks again, much appreciated.
Kind Regards
Mario