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Downing Corporate Finance has brought in the i-Net

Downing Corporate Finance has brought in the i-Net, a venture capital trust (VCT) that is aimed at experienced investors looking to take advantage of the capital gains tax shelter present in the product.

i-Net invests in technology stocks, as well as companies that use the internet, e-commerce and other information technology and telecommunications mediums.

The company believes that now is a good time to invest in the technology area because the initial hype about the new economy has died down and a more realistic approach to the value of internet based companies is now apparent.

VCTs are a specialist sector of the market and many IFAs may be unwilling to get involved without specialist advice from a stockbroker. And the technology market has had a roller coaster ride over the past few months, with the Nasdaq 100 index in particular taking a battering.

However, with prices lower now than they were at the start of the year, this is a good time to introduce a product that deals in the technology area, although it is still a volatile region and it will have a higher risk factor than other VCTs.


Liabilities feared in Revenue income bond raid

Life offices fear an Inland Revenue review of high-income bond taxationcould leave them facing massive liabilities.The Revenue is considering taxing life offices which offerderivatives-backed high-income bonds on an income tax basis rather than ona capital gains tax basis. The life offices could be hit with a huge incometax bill.In its Treasury return last year, Eurolife […]

Eight top posts for NU in Morley deal

Norwich Union Investment Management staff have virtually swept the board,securing eight of the top 12 positions at the newly integrated fundmanagement arm of life office giant CGNU.CGU&#39s Morley and NUIM have been combined to form Morley Fund Managementthrough the merger of thelife offices.The merger of the two investment arms means that Morley now has more […]

The incredible bulk will change the pension world

The introduction of the stakeholder pension is currently the key focus formany but it is important to understand that it is also just one aspectofthe paradigm shift that the financial services industry is experiencing.A review of the issues raised by the arrival of stakeholder and thepotential solutions to these provide a useful indication about how […]

Health chain to float on AIM

Health and fitness chain HiLife Holdings is to float on the Alternative Investment Market by issuing shares qualifying for Enterprise Investment Scheme tax relief. The EIS will give 60 per cent tax relief on shares with investors receiving an income rebate of 20 per cent on their investment provided they retain their shares for three […]


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