View more on these topics

Octopus takes Aim

Octopus Investments, the well regarded UK smaller company fund manager, has just launched a protected inheritance tax service which allows investors to shelter assets outside their estate for IHT purposes with the peace of mind that their heirs cannot lose money.

The way this works is that, on death, there is insurance cover for any capital losses on the original investment amount, paid for from the dividend income.

This product is invested in a diversified portfolio of between 20 and 40 companies listed on the Alternative Investment Market.

Unlike most solutions which take seven years to fall outside the estate, money invested in Aim companies is exempt from tax if it has been held for more than two years at the time of death.

In addition, unlike most alternatives, investors retain access to their money at all times. So if they need to withdraw money at any time, they can.

This product also has capital gains tax advantages because if the investor decides to sell, CGT is only levied at 10 per cent on those investments which have been held for at least two years.

The Octopus investment record is excellent. The investments managed by its first-class Aim team have shown a return of around 39 per cent over the 20 months to September 1, 2006 since the original IHT service was launched.

The product’s aim is entirely for capital growth. It is certainly very useful for those who wish to protect their estate against IHT after two years and who are looking for maximum capital growth.

The risks of investing in Aim are only slightly greater than investing in a blue-chip portfolio but with the prospect of higher capital gains.


Dual strategies to recover Millfield advisers’ £5m debts

The 1,000 former Millfield advisers that owe the firm over £5m from advance commission paid will be split into two different classes. Former Millfield advisers that joined Bates Millfield will receive help, with the firm having agreed to pay off advisers’ debts up front and let them pay back on a monthly basis. Advisers that […]

Widows cuts jobs in customer services

Scottish Widows is to axe 200 jobs after a review of its customer services division. All customer services will operate from Edinburgh.

RU64 could be revived for NPSS

Advisers could be forced to grapple with another RU64-style rule in the run-up to the implementation of pension personal accounts, warns Axa head of pensions and savings policy Steve Folkard. He fears that pension advisers may have to explain to clients why a pension is at least as suitable or more so than a stakeholder […]

Network data reports profits surge in H1 2006

Network Data has announced a threefold increase in profits during the first half of the year, following the floating of its parent company last week.The firm, whose parent Network Data Holdings began trading on the Alternative Investment Market last week, saw pre-tax profit soar from £268,000 from the same period last year to £880,000. The […]


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