AIC

Investment trust sector sees an increase in number of boards implementing discount control mechanisms.

The FSA is reconsidering whether VCTs, REITs and offshore investment companies should be included in the forthcoming sales ban on unregulated collective investment schemes (UCIS) to retail investors.

Aberdeen Asset Management's William Hemmings, head of closed-ended funds at the group, has joined the Association of Investment Companies (AIC) board.

Following a change in legislation to allow dividends to be paid from capital profits, questions have been raised as to how the distribution powers will be used - if at all - by the investment trust world. Kira Nickerson reports.

The Association of Investment Companies (AIC) has warned venture capital trust (VCT) fundraising will halve next year, if the vehicles are not granted an exemption from the FSA's sales ban on unregulated collective investment schemes (UCIS) to ordinary...

The Association of Investment Companies (AIC) has warned offshore investment trusts and UK REITs could be under threat from FSA proposals to ban promotions of unregulated collective investment schemes (UCIS) to ordinary retail investors.

Baronsmead has launched a top-up scheme with the aim of raising £30m across its five-strong range of VCTs.

ICYA

The Association of Investment Companies (AIC) has backed industry calls for the FSA to relax planned rules restricting the sale of EIS and VCTs to retail investors.

Investment trust providers are coming under pressure to reduce annual management charges after being undercut in certain sectors of the market by OEICs and unit trusts.