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Northern Venture Managers launches new VCT

Northern Venture Managers is launching the third in a series of VCTs, the appropriately named Northern 3 VCT.

The generalist fund is due to be launched on September 25 and is aiming to raise £25m. It will invest primarily in smaller unlisted UK companies, including those recently floated on Aim.

It will also cooperate with other trusts run by NVM in investments of up to £5m. Minimum investment is £3,000 and maximum is £100,000 per tax year in the trust which will have an issue price of 100p.



As we move towards the most important six months since the term IFA wascoined, the news that many companies have plans to recruit on a scale notwitnessed before could be seen as strange. For many years, those who herald their plans with such confidence haverarely delivered anything of any substance. We currently have a market […]

What about IFAs&#39 human rights?

I write to express my gratitude to Towry Law, knowing that they have savedIFAs so much money by reducing our potential liability to the ICS. Nevertheless, it begs the question, given the unlimited liability we areunder – are these present arrangements an infringement of our [IFAs] humanrights”, for the following reasons. First, as a separate […]

Facelift for Midshires

Halifax specialist lending arm Birmingham Midshires is set for a£500,000 brand overhaul before its launch into the sub-prime marketnext month. Supported by an intensive press advertising and direct marketing campaign,Midshires is revamping its image to publicise its entry into sub-primelending following a successful trial in July. It is running a whistlestop 21-venue roadshow throughout September […]

Alliance trusts quit AITC over fees increase

The Alliance and Second Alliance investment trusts are to quit the AITC ina move which will cost the trade body more than £200,000 in annualmembership fees. The £1.78bn Alliance trust, the UK&#39s third-biggest investment trust,and the £600m Second Alliance trust are withdrawing from the tradebody over the extra 0.5 basis point of assets under management […]


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