Change from the chancellor

Article Abstract:

The United Kingdom Jul 1997 Budget abolished advance corporation tax credits which institutions had received. The government sees dividends as favored by the tax system, rather than capital retention, and aims to change this state of affairs. The government also plans to introduce Individual Savings Accounts (ISAs) from April 1999. There will be investors seeking an income whatever the government's policies and these include investors due to retire. The impact of tax changes is likely to have little impact while the UK economy is strong but invetsment trusts could see widening discounts in a downturn.

Taxation

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Trusts with a taste for the esoteric

Article Abstract:

Investment trusts issue stocks and invest the monry that has been raised, Closed-end funds have no need to retain or attract investors. They can offer access to specialized markets, and trusts focusing on specialist regions and sectors are often run by enthusiasts with a great deal of knowledge of the market and personal stakes in the fund. Specialist trusts include Irish Smaller Companies trust from Gartmore, Radiotrust which Aberdeen manages, and Tea Plantations which Regent fund managers runs.

Personal Financial Mgmt, Personal finance

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Charges of the discount brigade

Article Abstract:

Charges for United Kingdom personal equity plans (Peps) vary, and competition has meant a general reduction in charges. Buying direct rather than through an intermediary may not always mean lower charges, since Pep managers may not wish to appear to be undercutting intermediaries if intermediaries are responsible for most sales. Discount brokers can offer lower rates and commission rebates if investors do not need advice. Larger discounts may be available for lump sum investments.

Financial services industry, Financial services, Prices and rates

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