View more on these topics

Downing makes first foray into private equity EIS with Octopus hire

Octopus Investments head of private equity Chris Allner is to leave the firm to move to Downing, where he will be responsible for a private equity EIS scheme.

Allner is the chairman of the investment committee for all investments made by the ventures team at Octopus, including the Octopus capital for enterprise fund, Octopus titan VCTs and the Octopus eclipse VCTs.

Prior to joining Octopus he was a Director of ProVen and Bridgepoint, as well as working for Charterhouse and 3i.

He is joining Downing LLP as a partner to run a generalist private equity EIS scheme that is set to launch in a couple of weeks and the private equity part of Downing income VCT 3.

Downing LLP partner Tony McGing says: “We have tended to focus more on asset-backed deals in the past and Allner has come in to be responsible for non-asset backed deals.”



Capita announces new software spend as it shuts Bishop’s Stortford office

Capita Financial Software is closing its Bishop’s Stortford office but says it is investing £4m in its software solutions over the next 12 months. The £4m is to be spent developing Capita’s attitude to risk solution, Synaptic Modeller for its launch in Q2 as well as a legacy transfer analysis tool Enhancements will also be […]


Investors could ditch £3.4bn of with-profit bonds

Investors will be able to withdraw £3.4bn in with-profit bonds this year without paying a penalty fee, according to Skandia. The pension provider says around £10bn held by 350,000 investors in with-profit bonds will reach its tenth anniversary during 2012. Skandia says savers can withdraw around £3.4bn of these assets this year without paying a […]


EU gender directive does not apply to occupational pensions

The European Commission’s decision to ban gender discrimination when pricing annuities does not apply to occupational pension schemes. In March last year, the European Court of Justice ruled that insurers cannot price products based on gender from December 21, 2012. The move will mean that providers will have to radically change the way they price […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment