Octopus Investments is overhauling its product literature in response to the FSA’s structured product review findings.
The recently launched Octopus secure VCT will rebrand as Octopus VCT and changes will be made on enterprise investment scheme and inheritance tax products.
This month, AWD Chase de Vere said it was reviewing literature for other types of investments after the FSA’s structured product review and pledged to contact product providers where it had concerns over wording.
Octopus director of investment business Karl Jentoft says: “We want investors to see the promises we are making and make sure that it is clear, understandable and they can make good decisions based on that.
“We are working to make sure that our fees are up front and the risks are outlined. For the product we launched recently, we have materials that we cannot use but that is just the cost of doing business.”
Downing Corporate Finance is also removing the word “protected” from its series of ven- ture capital trusts and is clari- fying brands across its differ- ent ranges.
Octopus is launching the fourth generation of its Titan venture capital trust and plans to introduce more core investments with a multi-manager approach. It is in discussions with firms about more joint ventures sim- ilar to those it struck with Openwork and Paradigm to support distribution.