View more on these topics

Private equity venture is latest move for Horlick

Bramdean Asset Management chief executive Nicola Horlick is chairing a newly launched private equity investment business, Rockpool Investments.

Rockpool is managed by investor network Hotbed founder Gary Robins and Foresight Group former-senior partner Matt Taylor.

It will launch a bespoke portfolio service this month, with a minimum investment of £25,000, allowing investors to access enterprise investment schemes and VCTs.

The firm is still finalising the charges on the proposition.

Horlick says: “The company will provide investors with the opportunity to make money at the same time as helping ambitious companies grow faster.

“Small and medium enterprises are the lifeblood of the UK’s economy and the key to unlocking future growth but it has become notoriously difficult for them to obtain finance from traditional sources.

“Rockpool will add an important new impetus to our SME sector while at the same time providing investors with ready access to highly tax-efficient private equity opportunities.”

Robins says: “Advisers have not embraced EIS yet but if they do not consider it they could find themselves in a difficult position in terms of competition, as wealth managers are embracing it. The loss relief cushion, where investors can claim back some capital after a loss, is the most attractive aspect of EIS.”

Pilot Financial Planning director Ian Thomas says: “EIS can be interesting but it is not something to be entered into without proper research. People look at EIS because it offers various tax reliefs but if you make a loss, the tax relief may pale into insignificance. EIS is an investment to consider for sophisticated investors.”

Recommended

2

FSA tightens rules on with-profits new business

The FSA has tightened rules on with-profits providers who write loss-leading new business due to concerns about the impact this could have on policyholders. Under the revised regulations, insurers will be forced to demonstrate that writing new with-profits business will not adversely effect policyholders’ interests The regulator says the new stricter rules are needed because […]

MP: Minimise regulatory burden on dual firms

A Social Democratic and Labour Party MP says the Financial Services Bill should require regulators to “minimise burdens” on firms that are regulated by both the Financial Conduct Authority and the Prudential Regulation Authority. Mark Durkan, who is on the Parliamentary committee scrutinising the bill, tabled an amendment that would have required the FCA and […]

Half of borrowers have not reviewed mortgage in 3 years

Just under half of borrowers, 49 per cent, have not reviewed their mortgage since base was cut to 0.5 per cent three years ago, according to Unbiased.co.uk. Despite base rate being a record-low since March 2009, 42 per cent of fixed rate borrowers are still paying a rate of 5 per cent or higher, with […]

Total of accredited firms hits 40 as IFP adds five to register

The Institute of Financial Planning has awarded five more firms accredited financial planning firm status, bringing the total to 40. The five firms added to the accredited financial planning firms register are James Harvey Associates, Loch Fyne Financial Management, Buckle, Green and Partners, Heron House Financial Management and Direction Financial Planning. To become an accredited […]

When will US rates rise?

By Felix Wintle, Investment Director & Head of US Equities The most recent communication from Federal Reserve chair Janet Yellen has put the market’s sights on September as the most likely month for the first rate rise. This is due to the stronger than expected economic data of late, particularly in employment and housing, which […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment