PEPS: The Final Countdown: Loose Change

SAVE & PROSPER is offering discounts to last-minute PEP investors, including 2 per cent off the initial charge on its UK Premier Equity Growth Fund and UK Growth and Income fund. Call 0800 829100.

FLEMING INVESTMENT Trust Management is waiving its 1.5 per cent initial charge for investors taking out a Fleming PEP. Lump purchases will be subject only to a 1 per cent dealing charge and 0.5 per cent stamp duty. Fleming offers a choice of 15 investment trusts. Its PEPs have an annual charge of pounds 25 plus VAT, which does not increase with the size of the holding. Call 0500 500161.