PEP sales in April soar to a record pounds 1.7bn

Wednesday 27 May 1998 00:02 BST

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

BRITISH net personal equity plan (PEP) sales set a new monthly record of pounds 1.7bn in April.

Total gross unit trust and open-ended investment company sales also set a record of pounds 5.3bn, overtaking the previous high of pounds 4.3bn set the previous month.

The previous monthly record in PEP sales was pounds 1.5bn and was reached in March when savers moved to take advantage of favourable budget measures, the Association of Unit Trusts and Investment Funds said in a statement.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

PEP sales in April soar to a record pounds 1.7bn

Join our commenting forum

Thank you for registering