Up until April 6, 2008, PEP transfers were commonplace, because although PEPs could be held onto, holders of PEPs could not make any further contributions to them.
Many people made a PEP transfer, transferring their investments from the old PEP into an ISA in order to start taking advantage of the new tax free savings vehicle.
But on April 6, 2008, all PEP accounts automatically became stocks and shares ISAs.
If your old PEP automatically became a stocks and shares ISA, you may not have thought about whether or not you are getting the best returns from it.
It is therefore worth checking out the latest stocks and shares ISA deals below – you may find it is worth transferring your old PEP/new stocks and shares ISA to another deal for better returns.
It is important to read the small print to check terms and conditions before making any decision on ISA transfers, as accounts can vary significantly from provider to provider.
If there is any uncertainty about ISA transfer terms with your current product, contact the bank, building society or company that holds the ISA.