Specialist

A group of MPs are planning to set up an All Party Parliamentary Group to help British investors who are facing legal action by a Cyprus bank.

Brett Williams, the former head of platform giants Skandia and Cofunds, has moved into the enterprise investment scheme (EIS) market with a series of launches through his new venture Old Burlington Investments (OBI).

Venture capital trusts (VCTs) and enterprise investment schemes (EISs) are to fall under the Financial Services Authority's (FSA's) upcoming guidance on unregulated collective investments schemes (UCIS).

FIVE THINGS

The Institute of Financial Planning (IFP) has warned the government that the threat of retrospective regulation is preventing advisers from recommending enterprise investment schemes (EIS) to clients.

Oil prices dropped yesterday as economic data from China and Europe renewed concerns about a slowdown in global demand.

The gold spot price rose to its highest level this year yesterday as global equity markets started the quarter with strong rises.

Exchange Traded Product flows reached their highest monthly level in almost four years in September as investors piled into passives.

Terry Smith has criticised Nick Clegg's "brain dead" idea to allow parents to use their pension to help their children on the "over-priced" property ladder.

Venture Capital Trusts (VCTs) are facing the prospect of a steep decline in fundraising if they are not granted an exemption from restrictions on the sales of unregulated collective investment schemes (UCIS).