Venture Capital Trusts  

Kids for VCTs branded dangerous

Previously the FCA had refused to allow fund managers or advisers to include caveats around performance forecasts in the key investor information.

Now where a fund manager or adviser is concerned performance scenarios in a Kid are too optimistic, such that they may mislead investors, the FCA said it is "comfortable with them providing explanatory materials to put the calculation in context and to set out their concerns for investors to consider".

emma.hughes@ft.com