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Stockbroker sets the scene for film production plan

Stockbroker Teather & Greenwood is seeking around £5m for its latest film partnership scheme.

T&G, which has helped fund UK films including I Capture the Castle and The Heart of Me, starring Helena Bonham Carter and Paul Bettany, has already raised half of the £10m needed to help fund further productions. It is seeking the other £5m through IFAs with high-net-worth clients as the minimum investment is £50,000.

The scheme, called Scene, offers investors £1.20 in outright tax relief for every £1 they invest and “reasonable” profit potential. The investment will be used to fund four or five films – the £10m raised is equivalent to £31m in film production terms. The films will aim to have broad international appeal, with a mix of established stars and new talent.

Promising films will be recommended to T&G by Baker Street Media Finance, which negotiates commercial terms, production costs and profit share. It has been involved in 17 feature films in the past three years, including Bloody Sunday, with James Nesbit; My Kingdom and the forthcoming The Night We Called It A Day, which stars Dennis Hopper and Melanie Griffith.

T&G director Martin Sherwood says: “These are big films and there are excellent tax advantages. Relief should be paid around July, it is a short cycle for investors.”


Skills Council accused of dumbing down tests

The Financial Services Skills Council is believed to be planning an inter-mediate exam between FPC and AFPC based on multiple-choice questions, prompting fears of “dumbing down” ahead of next week&#39s examination review update. The FSSC is scheduled to unveil its plans to move from approved to appropriate examinations and it is believed that it will […]

Kelly denies mutual prejudice as MP raises fears on reserves

Scottish National Party MP Alex Salmond has challenged the Treasury over its financial reserve requirements for mutual companies. Salmond raised fears over the future of demutualised life companies in a debate at Westminster Hall in London last week. He is concerned that Standard&#39s mutuality review could see the company taken over by a rival, similar […]

Penrose report finally near publication

The long awaited Penrose report into what went wrong at troubled insurer Equitable Life looks likely to be published the week of February 23. The 800-plus page report was expected to be made public earlier this month, but speculation over the weekend suggests it will be later due to the “legal complexities” of going through […]

Is the cap up in the air?

Has the Government thrown in the towel on the 1 per cent price cap? Not yet. But it has certainly accepted that a policy and product dear to its redistributive heart – the child trust fund – can be charged at 1.5 per cent annual management charge. Does this mean that pensions and the rest […]

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Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.


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