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Keydata income VCT to target renewable energy

Keydata is to offer an income VCT looking to profit from the Government’s commitment to subsidising renewable energy.

The VCT, which is aiming for a 5 per cent a year tax-free income over the long term, will have a 50m subscription limit. Minimum investment is 3,000.

Initial investment will be in wind farms, with the possibility of new share issues to take advantage of biomass – the technical term for human and animal waste – and waste-toenergy opportunities.

The Government has set a target of 15 per cent of energy coming from renewable sources by 2015. UK power firms face fines if they do not buy renewable energy which is available ahead of energy from other sources.

IFA Helm Godfrey managing director Bruce Wilson says: “It is important that these ethical investments are managed properly. In the case of renewable energy and where biomass is concerned, I would say that where there’s muck, there’s brass.”


Wesleyan tied up in status row

Wesleyan Assurance says it did not intend to mislead British Medical Association members following IFA criticism of the way it describes the status of its multi-tie intermediary arm.


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