Invesco under 解雇する／砲火／射撃 over Pep 最終提案

By JEFF PRESTRIDGE FOR THE MAIL ON SUNDAY
Updated: 00:00 BST, 12 May 2002

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AN 最終提案 from investmen t 巨大（な） Invesco Perpetual has 怒り／怒るd many long-standing （弁護士の）依頼人s who own direct shareholdings within 税金-解放する／自由な Peps.

Thousands of them have 直接／まっすぐに held 株 because of the windfalls of the Nineties. Now the company, part of the US-owned Amvescap Group, has written to 顧客s telling them they must offload 直接／まっすぐに-held Pep 株 by July 26. But many of the 92,000 Pep 支えるもの／所有者s 影響する／感情d 抗議する that it was Invesco's 積極的な marketing that 説得するd them to 持つ／拘留する direct 株 in the first place.

The direct shareholdings of some 顧客s have also 成し遂げるd far better than holdings in Invesco 投資 基金s.

No one can make new 出資／貢献s into Peps since they were 取って代わるd by Isas three years ago, but 投資家s may keep them and enjoy the same 税金 breaks. There is no 資本／首都 伸び（る）s 税金 on 資本／首都 growth and 所得税 paid on （株主への）配当s is partly reclaimable.

Invesco Perpetual has given 支えるもの／所有者s of direct 株 four 選択s: switch their 株 into an Invesco 基金 at 極小の 告発（する），告訴（する）／料金; sell them and receive cash minus 取引，協定ing 告発（する），告訴（する）／料金s; continue to 持つ／拘留する the 株 but outside the 税金-解放する／自由な Pep wrapper, or tansfer the 株 to a new Pep provider.

の中で those 怒り／怒るd by the 最終提案 are Antony and Isobel Boothroyd of Filey, North Yorkshire. Retired vet Antony, 66, 持つ／拘留するs an assortment of 株 in his Invesco Pep, 含むing Northern 激しく揺する and Halifax, and Isobel, 67, has some 同盟 & Leicester 株.

'When these former building societies 変えるd to banks in the late Nineties, Invesco Perpetual was keen to 受託する the 株 into our Peps,' says Antony. 'It's a bit rich now to tell us to 交流 them for Invesco 基金s - especi 同盟（する） when bank 株 have been 成し遂げるing so 井戸／弁護士席.'

Antony is amused that, ironically, one of the direct shareholdings Invesco is asking him to sell is Amvescap, which he 持つ／拘留するs because he bought 株 in Perpetual, which was subsequently taken over by Amvescap. The couple are now transferring from Invesco to London stockbroker Reyker 安全s, which 許すs 投資家s to 持つ／拘留する individual 株 within Peps.

Another unhappy 顧客 is Frank Bover, a retired 電気の engineer of Maidenhead, Berkshire. Frank, 66, has a big Southern Electric 持つ／拘留するing within his Pep, acquired おもに because he worked for the company and was in its 株-saving 計画／陰謀.

'Invesco's letter （機の）カム like a bolt from the blue', he says. 'In 影響, it's 説 it no longer wants my 商売／仕事.' Like the Boothroyds, he is now transferring his Pep to another provider.

マイク Webb, 長，指導者 (n)役員／(a)執行力のある of Invesco Perpetual's 小売 商売／仕事, defended the 最終提案. ' 集団の／共同の 投資s make more sense for most 投資家s,' he 主張するd. So far, about 78% of 顧客s who had 答える／応じるd to Invesco's letter had asked to switch into its 基金s, he said.