See Personal Equity Plan. Dresdner Kleinwort Wasserstein financial glossary
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personal equity plan (PEP)
Tax-efficient scheme for investing in shares , unit trusts, investment trusts, and corporate bonds. Since April 1999, PEPs have been replaced by the Individual Savings Account ( ISA), which is a similar tax-free investment account. Financial Services Glossary
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Personal Equity Plan; an investment plan introduced by the British government in 1987 to encourage ordinary people to own shares and invest in industry by allowing them to not pay any tax on the money made. In April 1999 PEPs were replaced by ISA S
Financial and business terms. 2012.