press release

INVESTORS are being urged to give their PEPs, ISAs and unit trusts a much-needed spring clean by signing up for independent fund tracker service Moneyspider’s daily performance report, now available via online data analyst Moneynet.co.uk.

“Millions of investors gladly entrust their hard-earned savings to the UK’s established banks and building societies but have no idea how well – or poorly – their cash is performing,” said Moneynet chief executive Richard Brown. “Now, at no extra cost, we can help consumers take greater control of their investments - and ultimately bring them greater returns.”

Visitors to Moneynet.co.uk can register quickly and easily by clicking on the investing page of the UK’s longest established personal finance comparison website.

Billions of pounds are resting in PEPs, ISAs and unit trusts managed by high street institutions, but big doesn’t always mean best. “Your bank may offer a great mortgage deal but fund management requires different skills,” said Brown. “Of course, all investors will receive a regular report on the current value of their funds but this isn’t much use if there’s nothing to compare it against.”

Moneyspider offers an independent service which constantly monitors all 2,000 or so funds available to UK investors, and provides clients with an online personal report, updated daily, showing the current valuation and performance of all their funds.

A unique rating system measures each fund’s performance against four relevant criteria and shows how that performance compares with other similar funds on the market.

Investors have nothing to lose by registering for this unique service. The service is paid for by transferring to Moneyspider the annual commission that is deducted by fund managers and paid to independent financial advisers. This commission generally covers the cost of providing information and services but doesn’t allow for the crucial facts that investors really need to know.

“By signing up for this free service, many people will be unpleasantly surprised to see that their cash could have grown significantly more if it had been invested elsewhere,” said Brown. “It’s a user-friendly tool for investors to go back to their IFA to get them to move their money to a more profitable place.”