VCTs

Chancellor George Osborne presented his 2013 Autumn Statement to the House of Commons this week, declaring Britain is on the road to economic recovery. Here is our round up of five key points from the Statement.

Share buybacks carried out by Venture Capital Trusts (VCT) will no longer qualify for tax relief from April 2014, the government has said.

Hargreave Hale is seeking to raise £20m for its VCT range from new and existing investors.

ICYA 2013

VCTs

ALTERNATIVES

There had been strong hints the new financial services regulator, the FCA, was preparing to make the right decision about whether VCTs and EIS could be sold to ordinary retail investors.

The Financial Conduct Authority (FCA) is planning a consultation on the sale of new complex financial products created by banks and building societies to boost capital.

The Financial Conduct Authority (FCA) has banned the sale of unregulated collective investment schemes to ordinary retail investors.

Venture Capital Trusts (VCTs) and Enterprise Investment Schemes (EIS) have been granted an exemption from the FCA's ban on sales of unregulated collective investment schemes (UCIS) to retail investors.