View more on these topics

New pathway for VCT market

The Pathway One venture capital trust (VCT) is arriving on the scene with the UK smaller company sector in its sights.

Sponsored by corporate advisers Beaumont Cornish, the VCT will be aiming for growth by investing in a wide portfolio of smaller companies. These will be companies that have grown beyond their initial start-up stage, but which have not yet sought initial public offer status. These companies will be chosen for their long-term potential.

Pathway will be hoping to identify companies that have a good management team, which produce competitive products and services and follow a realistic business plan. No more than 15 per cent of the VCT will be invested in any one company and there is no limit on the number of companies that it can invest in.

Pathway believes that with prices low at the moment there are some good opportunities to buy stocks. However, this is a high-risk area. Companies that are starting out can see good growth if they are successful.

The Pathway VCT is similar to the Gartmore premier VCT. The Gartmore product also aims for growth by investing in small developing companies that display good potential. However, the Gartmore product will invest in companies specifically in the alternative investment market, while the Pathway VCT will invest in small companies in general.

Beaumont Cornish also sponsored the recent introduction of the Oxford technology 2 VCT.


Clydesdale offering all-in-one mortgage

Clydesdale Bank is offering a flexible current account mortgage which gives homeowners options at times of economic uncertainty.The Rapid Repay mortgage combines the borrower&#39s current account, overdraft, personal loan, mortgage and savings facilities.Repayments to the acc-ount reduce the outstanding loan balance and the account gives instant access to borrowing and savings facilities. There are no […]

Charcol IFA appoints Hodgson as marketing director

Charcol IFA has appointed Candice Hodgson as a new marketing director to develop its marketing strategy across the firm&#39s on and offline business.Hodgson joins from Interactive Investor International where she had been marketing communications director since May 1999.Charcol group marketing director Mark Howe says: “Candice brings an essential set of skills and experience to Charcol […]

Quality of service also counts

Lorna Bourke (Money Marketing, October 25) rightly says that consumers are concerned about the financial health of the companies they invest in.But she is wrong to suggest that the Raising Standards quality mark should be asked to reassure them.The Raising Standards initiative was never designed to deal with prudential regulation – the task, surely, of […]

Virtual reality

Virtual compliance, the virtual office and virtual selling and servicing are some of the developments that The Exchange will be explaining to IFAs at Excom 2001 in London on November 19.The conference will consist of a series of sessions looking at how to use technology to ease compliance, improving the efficiency of selling and client […]

Embrace simplicity!

By Fiona Holmes, proposition communications manager When I first took out critical illness cover, I was overwhelmed. It wasn’t just the form filling, it was finding out about the sheer number of illnesses I was covered for. Did it give me peace of mind that I was covered for neuromyelitis optica or systematic lupus erythematosus? […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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