View more on these topics

Enterprise Investment Scheme platform launches

Kuber Ventures has launched platform which it says enables advisers to review, compare, invest and report on Enterprise Investment Scheme portfolios.

The Kuber platform has partnered with research firm Allenbridge to provide due diligence for advisers across a range of EIS funds.

The front end and reporting portal of the platform have been built with technology provider Digital Keystone.

The platform applies a fee of £20 per regular contribution or £100 per single contribution with an initial charge of 1.5 per cent and an annual charge of 0.5 per cent.

There is a £5 administration charge per EIS 3 certificate.

Kuber says most fund managers discount their fees to compensate for its initial charge and cover the annual fee.

Kuber Ventures partner Dermot Campbell says: “Investors are beginning to focus on EIS for many reasons, including the tightening of the pension rules, and the new opportunity for UK resident and non domicile individuals to remit overseas income and gains tax free to the UK.”

Enterprise Investment Scheme Association chairman Lord Flight says: “In much the same way that fund platforms increased demand in the mutual fund industry by promoting the asset class to a much wider audience, Kuber is set to do the same for EIS investment. There are lots of parallels. Kuber will bring simplified processes and portfolio construction to EIS investing, as fund platforms did in the mutual space.”


Law Society urges solicitors to ignore SRA referrals stance

The Law Society has urged solicitors not to comply with the Solicitors Regulation Authority’s new rules allowing clients to be referred to restricted advisers. The professional body for solicitor firms argues last week’s decision by the SRA board to relax the requirement to refer clients to IFAs for investment advice could expose solicitors to negligence […]

Imla swings back into profit following cost cutting measures

The Intermediary Mortgage Lenders Association made a £30,361 pre-tax profit in the 12 months to 30 June 2012 following a round of cost cutting, after suffering a £12,549 loss the year before. The trade body cut its costs by 25 per cent from £82,973 at 30 June 2011 to £61,492 at the end of June, […]


AS 2012: Advisers says cash Isa move was not needed

Advisers say they are unfazed by the Government’s decision not to bow to pressure to allow investors to put their full Isa allowance into cash. In the Autumn Statement, the Chancellor announced plans to raise the Isa limit from £11,280 to £11,520 in April 2013, bringing the cash limit up by £120 to £5,760. The […]

Matthew Wyles to step down as Nationwide director

Nationwide group distribution director Matthew Wyles is stepping down from his responsibilities as part of an organisational restructure. The lender is combining product development with distribution and brand development to form a new directorate called Group Retail, led by group product and marketing director Chris Rhodes Group intermediary sales managing director Ian Andrew will transfer […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm