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Shore Capital – Puma VCT 8

Shore Capital – Puma VCT 8

Type: Venture capital trust

Aim: Income and growth by investing initially in a portfolio of non-qualifying investments including corporate bonds and corporate bond funds, funds of hedge funds and other products that aim to achieve an absolute return, then in small unquoted UK companies and those trading on Aim and Plus markets

Minimum investment: Lump sum £5,000

Closing date: April 5, 2012

Charges: Initial 5.5%, annual 2%, performance fee 20%

Commission: Initial 3% or initial 2.25% plus 0.35% renewal

Tel: 0207 408 4050


IMA: FSCS proposals could mean two sets of rules

The Investment Management Association says proposals for the Financial Service Compensation Scheme contained in the draft Financial Services Bill could mean different rules for those overseen by the two new regulators. The Bill will replace the FSA with the Financial Conduct Authority and the Prudential Regulation Authority. Whereas currently the FSCS’s rules are made by […]


Saving from age 35 unrealistic

Advisers say a report recommending individuals put off saving into a pension until age 35 and then build up their contributions to 35 per cent of their salary by age 55 is “unrealistic”. A discussion paper from the Cass Business School Pensions Institute, published on Monday, says in order to maximise retirement income, a person […]


Skandia sticks to its guns over wrap disclosure, despite Mifid

Following Fidelity FundsNetwork’s decision to reveal details of the fees it receives from fund management groups, there has been a predictable call for those who are not already doing so to follow suit. Cofunds says it is developing an unbundled pricing model, the details of which are set to be announced this month, although it […]

Ascentric’s Richard Goodall poached by SEI

Former Ascentric sales and marketing director Richard Goodall is joining SEI as head of sales and marketing, Money Marketing understands. Yesterday, Ascentric said Goodall had resigned from the Royal London-owned wrap. He joined Ascentric in February 2009 and was part of the management team that saw the platform reach profitability in June this year. He […]

Industry under fire over pension freedoms

By Jamie Clark, Business Development Manager, Royal London Recent articles in the media have raised concerns about the new pension freedoms. One perceived problem is that across the industry, trustees and providers are not necessarily allowing people to take full advantage of the pension freedoms in situ. This is backed up by a recent survey by […]


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