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Downing Corporate Finance – Northern Venture Trust Top-Up

Downing Corporate Finance – Northern Venture Trust Top-Up

Type: Venture capital trust

Aim: Income and growth by investing initially in cash, fixed income securities and other securities, then in unquoted UK companies

Minimum investment: Lump sum £5,000

Closing date: April 5, 2010 for 2010/11 tax year, April 28, 2011 for 2011/12 tax year

Charges: Initial 5.5%, annual 2.06%

Special offer: 2% of amount invested in extra shares

Offer period: Until January 31, 2011

Commission: Initial 3% or initial 2,25% plus renewal 0.25%

Tel: 020 7416 7780



FSA concerns over Clarkson Hill ability to pay redress

Clarkson Hill had its regulatory permissions varied due, in part, to a failure to show it could pay up to £4.8m in redress for unsuitable advice. A supervisory notice, dated November 23, 2010, reveals Clarkson Hill gave unsuitable investment advice relating to unregulated collective investment schemes, venture capital trusts and enterprise investment schemes. The IFA […]


FSA bans five mortgage brokers

The FSA has banned five mortgage intermediaries and has fined one of them £104,000, bringing the total number of mortgage intermediaries banned since December 2006 to 101. Mark Thorogood, trading as Property Park Mortgages in North Wales, was fined £104,294 and banned for working in financial services after the FSA found he had knowingly submitted […]


Clarkson Hill faced up to £4.8m liability for unsuitable advice

Clarkson Hill had its regulatory permissions varied in part due to a failure to show it could pay up to £4.8m in redress to consumers for unsuitable advice. A supervisory notice dated 23 November has revealed the reasons why the national IFA firm was no longer able to conduct any regulated activities. It reveals FSA […]


We were just following FSA rules on Keydata, says FSCS

The Financial Services Compensation Scheme says it understands advisers’ concerns about its decision to levy Keydata compensation costs on intermediaries but it had to follow the rules set out by the FSA. The remarks come in response to last week’s High Court dismissal of a judicial review into its decision to classify Keydata as an […]

Derek Stuart: where to find value in the UK?

Derek discusses a number of Œself-help stories as examples of where he is finding good opportunities in the UK With the FTSE trading at historically high levels, many investors have questioned whether UK equities continue to offer value. But, as Derek points out, the headline figures mask many opportunities at a sector level. He has […]


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