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Budget shows a sense of venture

Venture capital received a surprise boost when the Chancellor announced he would be raising capital gains tax reinvestment relief by 50 per cent to £150,000 a year. The benefits apply to Enterprise Investment Schemes not VCTs.

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Scientists slam ABI genetic code

The ABI&#39s genetic code of practice has come under public attack from leading scientists. A group of scientists, including experts working at Norwich Research Park, one of the UK&#39s leading research inst itutions, has written a letter to the Daily Telegraph condemning the code. The letter is signed by Dr Ian Gibson, a Labour MP […]

Schroder Peps aim to make decisions simpler

After a disappointing 1997/98 Pep season, Schroder is launching three new Peps for the current tax year designed to simplify the decision-making choice for investors. The three Peps include a higher-risk package with exposure to smaller companies and non-UK markets, a lower-risk package which is UK-based and a package designed to provide income and growth. […]

£20m mortgage book for West Bromwich

West Bromwich Building Society has bought a £20m residential mortgage book from First Mortgage Group, bringing its group assets to over £2bn. The portfolio was acquired by subsidiary West Bromwich Mortgage Company. The move follows a £90m purchase of the Century Life mortgage book last November.

ScotEq surrender values revamped

Scottish Equitable is bowing to market pressure by revamping its pension products in a bid to make its early surrender values more attractive. IFAs will be able to choose a policy which has high early surrender values and no paid-up penalties or a policy with high maturity values on retirement. The new terms follow months […]

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