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Third AIM VCT for Singer & Friedlander

Singer & Friedlander is building on the success of its AIM venture capital trust (VCT) 1 and 2 with the introduction of AIM VCT3.

This venture capital trust invests in growing companies that are listed on the FTSE alternative investment market (AIM).

Stocks will be chosen according to their fulfilment of four criteria. The fund manager must feel satisfied that the companies have a strong management team behind them, that their financial conditions are healthy, that growth potential is good and that they are not overvalued compared to similar AIM listed businesses.

Investing in companies that are still finding their feet can be risky and may not be a path that inexperienced investors would want to take. Venture capital trusts have been around since the mid 1990s and although they are not mainstream products like individual savings accounts, their profile is growing among IFAs and their clients.

Investors who made money in the stockmarket&#39s buoyant period in the first quarter of 2000 and who have been left with a capital gains problem may find this VCT useful as a tax shelter. Similarly, clients could be drawn to this VCT because of the income tax relief. However, it could face competition from similar VCTs, which have been introduced in a steady stream since last autumn.


Weighing the choices

As the introduction of stakeholder pensions edges closer, pension providers have been forced to consider how they can hold on to their existing customers and encourage them to remain in their current pension plans. From April 6, 2001, clients with existing pension plans may be able to transfer to a stakeholder pension plan, either with […]

Group pensions push ScotLife to record business levels

Scottish Life Group achieved record levels of new business last year as sales rose by 6 per cent over 1999 figures. New singleand regularpremium business was up to more than £825m from £780m in 1999. Equivalent premium inc ome rose by 2 per cent to £139.9m from £136.9m. Total new singleand regular-premium group pension business […]

An everyday story of Teps

Traded endowment policy market maker Beale Dobie is urging endowment customers not to surrender their policy like Mike and Betty Tucker from Radio 4&#39s The Archers. The Tuckers plan to cash in their policy to pay for a wedding but Beale Dobie says it would be worth more on the Tep market.

Is the ABI giving up the fight before round two starts?

IFAs should watch their backs. Money Marketing understands that insurers are on the brink of raising the white flag on the second stage of the polarisation review. Reliable sources say the ABI&#39s polarisation committee has voted overwhelmingly against putting up any opposition to what they believe is the inevitable – abolition of the current system. […]


School fees planning

Jeremy Pearson is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. Many parents value the standard of education offered by […]


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