Story by: Rob Langston, Investment Adviser
Keydata Investment Services managing director Stewart Ford has resigned from the boards of four Keydata VCTs after the fund administrator was placed into administration by the Financial Services Authority.
Keydata Investment Services managing director Stewart Ford has resigned from the boards of four Keydata VCTs after the fund administrator was placed into administration by the Financial Services Authority (FSA).
Albion Ventures is aiming to raise £25m through a share issue on its Development VCT after tax relief on higher-rate pension contributions dipped below that on income from VCTs.
The dividend on the Albion Development VCT could drop by 50-75 per cent in 2011, according to its manager, amid signs VCTs could struggle to maintain their attractively taxed payouts.
Albion Ventures is aiming to raise £25m through a share issue on its Development VCT after tax relief on higher-rate pension contributions dipped below that on income from VCTs.
Private equity bosses at Aberdeen Asset Management have led a management buyout to create a new business called Maven Capital Partners.
Four VCTs will not be subject to administration order, says PricewaterhouseCoopers
New house rebranded to Maven Capital Partners UK after management buyout
Foresight Group, an alternative asset manager, has been appointed as investment manager of Keydata Income VCT 1 plc and Keydata Income VCT 2 plc.
The partner who led the management buyout (MBO) of Aberdeen Asset Managers Private Equity is applying to rebrand its VCTs to Maven, in an echo of the Albion Ventures MBO earlier this year.
As the pace of scientific progress continues to accelerate, how can IFAs help their clients gain exposure to new technology and emerging opportunities?
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