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New VCT gets fit with media

The leisure & media venture capital trust (VCT) is being targeted at investors who are looking for an investment that allows them to defer any capital gains and thus mitigate any capital gains tax.

Leisure & Media will focus on two separate, yet wide, areas of the market. First will be the leisure industry, including the health and fitness sectors, such as health clubs. This will also include the branded pubs and restaurant area.

The second sector of the VCT will invest in areas of the media industry, such as specialist publishing, marketing services, local television and local radio facilities.

Investment management will be handled by London-based specialist investment management company J O Hambro. The investment team will include Christopher Mills, who has spent the past seven years managing the North Atlantic smaller companies investment trust and the American opportunities trust.

The investment team will in turn be advised by the five strong board of directors. These will include former BBC1 controller and chief executive of Channel 4 Michael Grade, and the chief executive of Enterprise Inns, Graham Tuppen.


&#39More red tape will push IFAs out of loan market&#39

Aifa warns that IFAs may be pushed out of the mortgage market if regulations forcing lenders to police intermediaries result in more red tape. In its response to the FSA&#39s mortgage regulation document, Aifa says any increase in the regulatory pressure on IFAs could turn out to be the straw that broke the camel&#39s back. […]

Links in the stakeholder chain

It is unusual for me to review a website produced by an IFA firm on these pages. However, stakeholder is about to drive life offices into writing business on which they cannot break even for many years. Maybe it is time for IFAs also to consider ways of operating that may historically have seemed alien […]

Scottish Life – Retirement Solutions – Group Stakeholder Pension Option

Tuesday, 13th February 2001.Type: Group stakeholder pension option.Minimum premium: £20.Minimum group size: 5.Minimum-maximum ages: 0-74.Fund links: Pensions managed, deposit, defensive managed, UK equity, UK ethical, UK mid-cap, European, American, Pacific, property, fixed interest, index linked, global managed, worldwide, security 100, security 98, Scottish Life/Schroder Hermes UK index tracker.Charges: Annual 0.45-1 per cent, transfer values 0.2-1 […]

Corillian recruits for UK e-finance software market

US e-finance software provider Corillian is appointing Ian Giles as marketing director of its international division, as it endeavours to move into the UK market. Giles will be based in London and joins Corillian from current account mortgage pioneer First Active Financial, where he directed business strategy to intermediaries and consumers. Giles says: “We expect […]

The Investment Clock: Keep calm and Macron!

Trevor Greetham, Head of Multi Asset In a marked contrast to the surge in risk sentiment that followed President Trump’s election in November, markets greeted Emmanuel Macron’s victory in the French presidential election with satisfaction and relief, rather than euphoria. After rallying strongly on opinion polls that accurately predicted the outcome, the euro held onto […]


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