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Univen and Cavendish VCTs withdrawn

The Univen and Cavendish VCTs have been pulled from the market after the boards felt they were not going to accrue enough critical mass to allot shares. The promoters are in the process of returning money to investors.

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Change of directional

Amanda Newman looks at how Ucits III has led to the creation of directional bond funds, with some saying they are the future for bond funds and others claiming there is not enough demand for products of this type.

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Case study: administration — implementing a management log

Our client is a leading video game and publishing company best known for its console role-playing game franchises. The client provides a number of benefits, at varying levels and cost that attract a P11d liability. With the absence of a management log to track data for benefit movements, enormous administrative and therefore cost implications were occurring each year just to comply with P11d reporting requirements.

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