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Chris Gilchrist: Why the authorised fund regime must be extended

I spend a lot of time criticising regulators. So here, for a change, is a proposal for reform of UK financial services regulation: extend the authorised fund regime to accommodate most retail investment products. The UK has an authorised funds regime that is essentially unchanged since 1931 mainly because it works. It is based on the […]

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Octopus launches £20m VCT fundraise

Octopus Investments is launching a £20m fundraise for its two AIM VCTs as it sees a pick-up in demand for the sector. The AIM VCT and AIM VCT 2 target a 5 per cent dividend yield every year and invest in around 70 different companies. Octopus has also allowed for the fundraise to be extended by £10m. […]

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Industry hits out at ‘ill-informed’ exit fee cap

Government plans to cap pension exit charges have been slammed by experts, who brand the plans “worrying” and “ill-informed”. Chancellor George Osborne said yesterday he would hand the FCA a new duty to cap “excessive” exit fees. Around 700,000 people face early exit penalties if they move their savings, he said. Osborne added: “The Government […]

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Second women’s state pension debate set for 1 February

Campaigners have secured a second parliamentary debate on the treatment of women who claim they have been unfairly penalised by increases to the state pension age. MPs only debated the need for transitional arrangements for women affected by the acceleration in the rise in the SPA to age 66 last week, but now a second […]

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