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F&C’s VCT team to set up small companies boutique

F&C’s venture capital trust team are
leaving to start their own investment boutique but will continue to
run F&C trusts on an outsourced basis.

Bill Brown, Robert Mitchell and Stuart Rollason will set up a
boutique in the new year specialising in smaller and fledgling

The team have approval from each of the boards of the active capital
trust, Aim VCT and Aim VCT2 to continue running the mandates.

F&C will remain manager of the discovery trust but Mitchell will
provide portfolio management services.

F&C and the boutique will operate on a revenue-sharing basis,
with F&C providing secretarial and administration services to the

The Baronsmead VCTs are not affected as they are run by Isis Equity Partners.

F&C head of UK retail and investment trusts Nick Criticos says:
“F&C will have an ongoing interest in these mandates and Brown,
Mitchell and Rollason will achieve their aspiration of owning their
own business.”


CML says HIPs need more work before implementation

The Council of Mortgage Lenders says home information packs are nowhere near ready for implementation. The CML is calling on the Government to undertake a realistic assessment of the cost of HIPs and to ensure costs do not rise beyond that. It also wants the Government to approve spending for development work as a matter […]

Munich Re Life appoints head of life development team

Munich Re UK Life branch is appointing Andrew Howe to head up its life development team. Howe has responsibility for the development of long term business for the branch. Howe began his career at M&G Re in 1990, where he qualified as an actuary before moving on to leading protection company Swiss Life from 1996 […]

Depolarisation edge: Stephen Ingledew

The term multi-tie has no real meaning in the current world of financial advice – it is like referring to a sixpence in a post-decimalisation world – so can we stop using the term as it certainly does not help consumers.

Standard simplifies IHT plan structure

The Investment Management Association has called for an urgent summit meeting with the Treasury in a bid to save tax breaks for hundreds of funds.

Retirement fund - thumbnail

What price (more) freedoms?

George Osborne will make his last Budget speech of the current parliamentary term this week, and the early media briefings suggest that pensions will again feature heavily in that statement. So what are we able to learn from the weekend’s coverage?


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