Pep yourself up
Question
I have two PEPs at present that have lost out slightly during the credit crunch. Should I cash them in now in case things get worse?
Answer
A PEP is a tax-free investment in shares and corporate bonds, which were phased out in 2000.
Most savers, especially those like you who have money invested in stocks and shares, have become concerned that their investments are in negative equity due to the recession.
Unfortunately under FSA rules we are unable to give the advice you want. We would therefore direct you to seek advice from an independent financial adviser in your area.
Some pundits are suggesting that now is the time to be buying stocks in utilities and supermarkets as people still need to eat and have heat, light and water. However, we can only recommend that you seek professional advice.
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Question answered by CAB
