Invesco Perpetual is launching a £40m venture capital trust investing in AIM-listed companies in a bid to exploit the Government's latest tax breaks. The VCT, sponsored by Noble & Company, will be managed by a team headed by Andy Crossley and Richard Smith. It is expected to open in mid-June at an offer price of 100p and close at the end of July. The minimum investment is £2,000.
MORGAN STANLEY FTSE CAPITAL PLUS PLAN Type: Capital-protected bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £5,000-no maximum, Isa £3,000-£7.000 Term: Six years Return: The greater of 26% of original capital or 60% growth in index at end of term Guarantee: Original capital returned in full plus 26% growth […]
Newcastle-based national IFA Positive Solutions will not be incorporated into Aegon UK's Origen cluster of advisers but its relationship with Aegon remains amicable. Aegon, which has a 60 per cent majority stake in Positive Solutions, decided to exclude it from the shake-up as it says its style would be unsuitable for this type of programme. […]
This month's award for the most musically gifted PR goes to Lansons' Richard Winder, headlining the Diary's new fave band Numbernine. Winder's tunes packed out the famed Betsey Trotwood in Clerkenwell, even managing a D-List celebrity turnout which included half the cast of The Bill. A special mention also goes to Liz Willder for excellence […]
Despite concerns about the protection gap, most providers report growth in the market. Pundits are positive when they take into consideration the gap to be filled and the growing need for cover as people borrow more and sources of life cover disappear, for example, when people cash in endowment and whole-of-life policies. Friends Provident head […]
After a flat year for European equities, in which the Artemis European Growth Fund outperformed, manager Philip Wolstencroft is (cautiously) optimistic about 2016.
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]