View more on these topics

Octopus launches £20m VCT fundraise


Octopus Investments is launching a £20m fundraise for its two AIM VCTs as it sees a pick-up in demand for the sector.

The AIM VCT and AIM VCT 2 target a 5 per cent dividend yield every year and invest in around 70 different companies. Octopus has also allowed for the fundraise to be extended by £10m.

Stuart Lewis, business line manager for VCTs at Octopus Investments, says: “This latest fundraise follows swiftly after new share offers were announced for Octopus Titan VCT and Octopus Apollo VCT, and is in response to increased demand from financial advisers and direct investors for VCTs.”

Andrew Buchanan, joint fund manager of the Octopus AIM VCTs, adds: “For investors who are seeking growth from investing in smaller companies and regular tax-efficient dividends, AIM VCTs are a compelling investment prospect and active management can unlock some real value.”

The new share offer will be open until December 2016, or until the capacity is reached. Minimum investment is £5,000 and initial fees are 3 per cent through an adviser, with ongoing charges of 1.5 per cent.



Landlords secure £50k for legal challenge over B2L tax changes

Two landlords seeking to fight Government plans to raise taxes on buy-to-let investments have raised more than £50,000 in less than 10 days. Private landlords Chris Cooper and Steve Bolton launched a campaign via crowdfunding website Crowd Justice on 26 December, and have already secured the support of more than 740 donors. The pair hope […]


Policing the market: FCA flags secondary annuities concerns

The creation of a secondary annuities market presents bigger consumer protection concerns than the pension freedoms, the FCA warns, as it sets out the key challenges of policing the reforms. On Tuesday Chancellor George Osborne unveiled details of another pensions overhaul that will allow savers to cash in their annuities from April 2017. The reforms […]


Mortgage approvals rocket by 20%

Total mortgage approvals shot up 20.7 per cent year-on-year in November, according to the latest Bank of England lending figures. There were 121,505 loans approved in November, up from 100,629 a year earlier, the figures show. Mortgage Advice Bureau head of lending Brian Murphy says: “Approvals now stand significantly higher than they did in November […]

Finding security in bond markets

Martin Foden, head of credit research at Royal London Asset Management, explores the role of secured bonds, considering the impact of default and the characteristics of secured bonds versus supranationals and highlighting some examples. He also examines the evolution of the credit market and rating agency inefficiencies. Read the article in full: The value of […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm