DECEMBER 2020
EDITION
SEARCH
PROFESSIONAL PARAPLANNER
FOLLOW AND SHARE
High expectation for VCT fund raising in 2018
18 September 2018
Venture Capital Trust (VCT) fundraising is set to fare well this year with investors continuing to look for tax-efficient alternatives to traditional pension savings, according to Albion Capital.
The firm expects this year’s fundraising to be as successful as last year’s, which was the second highest on record, in part thanks to growing awareness around VCTs.
Will Fraser-Allen, deputy managing partner, Albion Capital, said: “VCTs have become more mainstream and more advisers than ever are considering them as part of core tax efficient retirement planning.
“At the same time there is more demand push from clients. Clients are reading about VCTs and asking their adviser about whether they are relevant for them.”
Fraser-Allen says a number of fundraisings will be launched throughout the autumn and winter months with the potential for some “substantial” raisings, making it unlikely that supply will be an issue.
He added: “Last year, talk of a VCT supply crunch was a concern as we moved towards the end of the tax year, but some offers remained open and not all were fully subscribed. While popular offers do fill up fast we expect capacity to be available through to tax-year end.”
New Letter of Authority service could be a ‘game changer’
Origo is to launch Unipass Letter of Authority (ULoA) at the end of November, a service aimed at simplifying...
Female Paraplanners Needed For Research Project (UPDATE SURVEY CLOSED NOW)
Professional Paraplanner’s publisher, Research in Finance (RiF), is a leading research company in the financial services sector. On occasion our readers...
Aggregated costs and legacy trail commission disclosure
While the aggregated costs and legacy trail commission regime remains far from perfect, some clarity can be gleaned, says...