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Octopus Investments – Second AIM VCT

Octopus Investments – Second AIM VCT

Type: Venture capital trust

Aim: Income and growth by investing mainly in small unquoted UK companies on Aim and Plus markets, with smaller amounts in cash, money market funds and other non-VCT qualifying investments

Minimum investment: £3,000

Closing date: April 30, 2011

Charges: Initial 5.5%, annual 2%

Commission: Initial 2.5%, renewal 0.5%

Tel: 0800 3162349




Tim Sargisson

IFG Group has bought several companies in the pension sector, notably Sipp specialist James Hay, and is looking to build up IFA business and strengthen its wrap. Interview by Gregor Watt

M&G’s Simon Bailey quits small-cap fund

M&G Investments small-cap equity fund manager Simon Bailey is stepping down after nearly a decade in charge of the fund. The manager is handing the £169m M&G smaller companies fund to Louise Nash, who joined M&G from Cazenove in 2008, on November 1. The move comes as bottom-up manager Bailey, who has delivered top-quartile returns […]

Prime opens PI division for intermediaries

Professional indemnity insurance broker Prime has launched a new division focused on the insurance needs of advisers. Prime IFA Solutions will provide advice on risk management and professional indemnity insurance and claims it can secure “preferential rates and exclusive offers” from insurers for IFAs. Jamie Newell, who will head the division, is joining Prime from […]

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]


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