View more on these topics

Albion Ventures – Albion VCTs Linked Top-Up Offer 2011/12

Albion Ventures – Albion VCTs Linked Top-Up Offer 2011/12

Type: Portfolio of Albion venture capital trusts

Aim: Income and growth by investing in small unquoted companies through a portfolio of VCTs comprising 15% each in Albion Venture Capital Trust, Albion Development VCT, Albion Technology & General VCT, Albion income and growth VCT, Crown Place VCT, Albion Enterprise VCT and 10% in Albion Prime VCT

Minimum investment: Lump sum £10,000

Closing date: April 5, 2012

Charges: Initial 5.5%, annual 2% plus 8% performance fee for investment in the Albion venture capital trust, annual 2.5% plus 20% performance fee each for investment in the Albion Technology & General and Albion Income and Growth VCTs, annual 2.25% plus 20% performance fee for investment in the Albion Development VCT, annual 1.8% plus 10% performance fee for investment in the Albion Prime VCT, annual 1.75% plus 20% performance fee for investment in the Crown Place VCT, annual 2.5% plus 20% performance fee for investment in the Albion Enterprise VCT

Special offer: 1% of amount invested in extra shares for investors who apply for the first £2.5m in new shares

Offer period: Until first £2.5m target is met

Commission: Initial 3% or initial 2% plus 0.4% renewal for five years



Workload is manageable

The workload of the Bank of England governor under the new regulatory structure is manageable, Mervyn King has told MPs. Under proposals in the draft Financial Services Bill, the governor will chair the monetary policy committee, the financial policy committee and the Prudential Regulation Authority. The post also has international responsibilities with the Basel committee […]

Europe is hot topic for US managers

Europe was the main talking point for the US-based fund managers that Rathbone Unit Trust Managers head of multi-asset investment David Coombs met on a recent trip to the US West Coast. Coombs visited US-based PimCo, Western Asset Management and RCM in October, expecting conversation to be dominated by the US economy but he found […]


FSA says it is keeping watch for churning

The FSA has warned it is watching for IFAs seeking to maximise their trail commission by churning business before the RDR deadline or discouraging clients from moving investments that generate trail after the RDR. The FSA’s response to the Treasury select committee’s RDR report, published last week, says the regulator is concerned about possible consumer […]

KPMG Luxemburg postpones meeting to decide Lifemark fate

Lifemark provisional administrator KPMG Luxemburg has postponed a bondholder meeting set for this week which was to decide the fate of the life settlement vehicle. Money Marketing understands the meeting is likely to be reconvened for January. Negotiations are under way to resurrect the $150m loan facility arranged by Keydata founder Stewart Ford to take […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment