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Small VCTs should return money to investors says fund manager

Small Venture Capital Trusts do not represent a viable investment opportunity and should return money to investors says VCT provider Yorkshire Fund Managers.

YFM managing director Phil Cammerman says a number of smaller funds are of a size where their investment objectives are difficult to justify and to achieve.

He says YFM has taken the view it should top up existing VCTs rather than try to launch new funds in a market which may not be favourable towards encouraging investment.

Cammerman does say a number of investors may be waiting until the last minute and VCT fund managers can expect a final rush before the April 5 end of the tax year deadline.


Eurolife in pledge to improve IFA service

Eurolife Fund Managers has pledged to improve IFA service levels – which it admits have been poor in the past 18 months – as it launches two new products.The provider is offering two lump-sum investment products it hopes will boost sales after a comprehensive review of its business found that service had slipped to a […]

Pima warns on means test hitting child funds

The Pep & Isa Managers&#39 Association has warned the Government against being too heavy on means-testing child trust funds.In an article for Money Marketing this week, Pima chairman Tony Vine-Lott says the trade body is uncomfortable with the idea of an “undefined degree of means-testing”.In its consultation paper, Savings & Assets for All, the Treasury […]

Forsyth buys in Dubai

Fund research company Forsyth Partners is taking a stake in Dubai-based brokerage Professional Invest-ment Consultants.Forsyth already manages PIC&#39s broker funds with Scottish Provident International and Royal Skandia as well as handling a number of its direct investments.Forsyth will act as the investment management arm for PIC.The alliance is the first step in a long-term plan […]

Self Cert from L&G mortgage club

Legal & General&#39s Mortgage Club is offering a self-certification mortgage at 4.09 per cent aimed exclusively at self-employed and employed customers.The rate is 1.75 per cent above the current Bank of England Base Rate of 4 per cent and then discounted by 1.66 per cent for the first two years.Following the discounted period, the mortgage […]


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