View more on these topics

EU venture capital directive plans shelved

Plans to develop an EU directive harmonising the treatment of venture capital funds across the union have been shelved by the Commission.


Discussions between the member states and representatives of the European venture capital industry concluded that legislation in the industry is unnecessary.


The industry is now for the Commission to examine the tax treatment of funds to find ways to increase co-ordination across Europe.


The EU says that it is likely to produce a green paper on investment in the first half of 1999 which may address the tax issue.

Recommended

Scot Am improves long term care bond

Scottish Amicable has enhanced its Long-Term Care Bond allowing policyholders to choose the number of activities of daily living covered by a claim. The maximum level of cover has increased to £36,000 from £30,000 and investors are now able to receive a cash lump sum after the failure of one ADL.

IFAs see doubling of pensions business in next six months

IFAs are predicting that the volume of business taken in group and individual pensions, income drawdown and Peps will double over the next six months.The findings come from the just published quarterly PIMS survey.IFAs also believe that these products plus long term care have the most potential over the next five years.They also believe that […]

PPP removes exclusions on lifetime care bond

PPP lifetime care is extending the cover on its long term care bond by removing exclusions previously imposed for AIDS-related illnesses, self-inflicted injury and not following medical advice.The health insurer says the move is part of a drive to make its products more flexible by helping clients protect their assets and independence when they are […]

Mercantile launches new capped rate mortgage

Mercantile Building Society is launching a new mortgage capped until May 2002.The interest rate will be capped at 6.39 per cent for those paying a 25 per cent deposit and 6.59 per cent for those paying the minimum 5 per cent deposit.The scheme offers free unemployment insurance for 12 months and any high risk charge […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com