VCTs

VCTs are a tax efficient way for investors to support and benefit from growth in some of the UK's most dynamic, entrepreneurial and high growth companies.

In the latest Big Debate, our panelists from Daedalus Partners, Future Capital Partners and Puma Investments discussed the Do's and Don'ts of VCTs and EIS.

The government has announced plans to crack down on VCT providers which offer enhanced share buybacks, arguing this is against the spirit of the rules.

Octopus Investments has overhauled the discount policy across its £350m VCT range, reducing the buyback discount to 5% of NAV rather than 10% for investors looking to sell their shares back to the VCT.

SOLAR POWER

Dermot Campbell, Managing Partner at Kuber Ventures on the FSA's long awaited decision as to whether EIS will be defined as an UCIS.

GOSLING'S GROUSE

Former Baillie Gifford European small-cap manager David Walton has joined Hargreave Hale to assist Giles Hargreave across his Marlborough small-cap unit trusts and the firm's VCT products.

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.

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...