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Capita & Octopus launch VCT & Sipp hybrid

Capita Sip Services and Octopus are launching a joint wealth management product combining the tax benefits of VCTs and Sipps, allowing for 38 per cent on pension contributions.

The product will only be available through IFAs and will use utilise Capita’s enabler infrastructure to capitalise on A-Day changes, permitting a broader range of investments and the opening up of connected party transactions.

Octopus chief executive Simon Rogerson says: “We knew how attractive combining Sipp and VCTs would be and are delighted that we are the first to make it happen. The key for investors is the ability of the Sipp provider to manage the product. Capita is way ahead of their competition and we have created a highly attractive investment.”

Capita Financial Services director of business and commercial development Graham Coxell says: “We have been chosen by Octopus to support this proposition, which further demonstrates Capita’s ability to enable the delivery of quality wealth management products. Indications are that IFA interest is already very significant.”


FSA outlines further details on home reversion regulation

The FSA has published details of the authorisation process for firms that need to apply to be regulated for home reversions and Islamic mortgages.The FSA will open its doors to applications from November 6, 2006, in anticipation of the new regimes starting on April 6, 2007. Firms are encouraged to apply as soon as possible […]

Burns-Anderson opens up a retirement route

Burns-Anderson has introduced a retirement service for its network members allowing them to sell their businesses on to the firm’s in-house IFA. The service, which was announced at the Bristol-based network’s annual member conference held in St Andrew’s Bay in Scotland last week, will provide appointed representatives with an exit strategy and offer them additional […]

People on the move

InvestmentRod Davidson has joined Scottish Widows Investment Partnership as head of fixed income from Aberdeen Asset Management, where he held a similar position. Jamie Hooper, manager of the F&C UK equity fund, is joining Framlington in November to manage the UK growth fund currently being managed by Nigel Thomas since Chris Murphy left the group […]


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