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Northern 2 VCT proposes share offers

Northern 2 VCT intends to raise £25m by way of share offers to existing shareholders and the public.

The share capital increase is to be proposed at an EGM on January 16, 2001, with a likely closing date for shareholder priority rights of February 15, 2001. Share offers are planned for both this tax year and next, with the close of the 2000/2001 tax year offer on April 5, 2001 and the 2001/2002 offer closing on April 12, 2001.

Run by specialist venture capital management firm Northern Venture Managers, N2VCT was launched in January 1999 and currently has net assets of around £23m.


Aifa urges extreme care on advice

Aifa has issued an urgent statement alerting its members to take extreme care when advising Equitable Life clients of their options. As part of its newsflash bulletin service, it has emailed members, warning: “We do not believe that anybody is currently in a position to give clear guidance in such a sensitive and complex situation.” […]

Scottish Equitable add EPP to their range of pre-stakeholder pensions

Scottish Equitable is re-launching its executive pension plan with pre-stakeholder single-charge terms in the run-up to the onset of stakeholder in April 2001. The new style EPP is part of ScotEq&#39s range of single-charge individual pension plans which will be launched in the new year. The EPP offers single-charge terms with a choice of annual […]

Present imperfect

As I write this, I cannot help but wonder what IFAs are wish ing for this festive season. With just over four months to go until the most radical change in pension provision in the UK for a generation or more, stake holder business is sure to be top of the wish-list this Christmas. Like […]

The hits and misses

In the political realm of West minster, some events that most concerned the industry barely made a blip on the radar screen while others were big political news. The Axa orphan assets court case, the recent downfall of Equitable Life and the success of Isas were all issues that Liberal Democrat DTI spokesman Vincent Cable […]

Singapore cover image - thumbnail

White paper — Singapore International Insights

Jelf Employee Benefits assesses key trends within the international private medical insurance provision of organisations with employees in Singapore. Benefit structure, cost management and healthcare facilities are examined and key considerations are highlighted. This edition will be of particular interest to global human resource directors and benefit managers with local and expatriate populations in Singapore.


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