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Close raises 10m for D shares

The Close Brothers Aim VCT has raised 10m for its D shares. Close says it has been proactive in tackling liquidity issues in the fund, operating a buyback policy where it aims to uy back its own shares in the market for cancellation. The Nav of the D share portfolio has risen from 95p to 113p per share as at March 8.


Tried and trustee

Our client approached us, having been asked by her mother’s financial adviser to act as a trustee for a gift & loan inheritance tax scheme. She asked what responsibilities she would be taking on and whether she could agree and leave everything to her mother’s adviser.

Firm foundations Taking the taskforce to task

The report of the Employer Taskforce on Pensions published in December 2004 resulted in positive comment from the usual pension organisations and bodies representing employers, such as the CBI and British Chamber of Commerce.

Budget Edge: James Dalby

Brown said the UK’s household savings ratio was four times higher than in the US and Canada but don’t be fooled. In all three countries, this is dangerously low and cannot possibly be enough to sustain people through retirement.


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