corporate PEP
A PEP that invests mainly or exclusively in the shares of one company on behalf of employees or other shareholders.
PEPS were replaced by individual savings accounts (ISAs) from 6 April 1999 but PEPs in existence at that date can continue.
For further information, see the HM Revenue & Customs website

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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