Funds

Platform Nucleus saw its assets under administration jump 37% in 2013 to £6.2bn, with gross inflows up 26% to £1.7bn, driving a sharp climb in profitability.

Mark Wignall from Mobeus Equity Partners, Andrew Garside from Baronsmead and Tim Levett from NVM Private Equity discuss the latest VCT trends with Alice Murray.

Investment trust buyers are looking to switch into unloved value trusts after the rally in their growth-orientated peers left many of these looking overvalued.

Former chancellor Norman Lamont (pictured) has become chairman of the Jupiter Second Split trust after Gordon Campbell passed away.

COMMENT

An execution-only investment platform launched a year ago by Surrey-based IFA Informed Choice has closed to new business after its pricing terms became uncompetitive.

Venture Capital Trusts have been hoarding investor cash after an error from HM Revenue and Customs left the vehicles afraid of issuing new shares.

TECHNOLOGY

HM Revenue and Customs has issued fresh guidance on its decision to tax unit rebates after receiving a number of queries from fund groups and platforms.

Hargreaves Lansdown has said Neil Woodford's new fund management venture could provide a further boost to its business after it reported record net inflows of £1.83bn for the first quarter.