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Glossary > P > "PEP" Definition

PEP

Personal Equity Plan. Introduced in 1987 by the then Chancellor Nigel Lawson, over 3 million people in the UK invested in a PEP before they were replaced by ISAs in April 1999. Although you can no longer open invest in a new PEP you can still transfer your existing PEPs.

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PEP \ Personal Equity Plan. Introduced in 1987 by the then Chancellor Nigel Lawson, over 3 million people in the UK invested in a PEP before they were replaced by ISAs in April 1999. Although you can no longer open invest in a new PEP you can still transfer your existing PEPs.

PEP / personal equity plan. introduced in 1987 by the then chancellor nigel lawson, over 3 million people in the uk invested in a pep before they were replaced by isas in april 1999. although you can no longer open invest in a new pep you can still transfer your existing peps.