Clients' VCT interest piqued but suitability questions remain

With tax-free pension saving allowances being capped at £40,000 per year and £1.25m per pot, and unregulated collective investment schemes (UCIS) having been banned from promotion to retail investors, venture capitalists have predicted a growing demand for their trusts, better known as VCTs. Octopus Investments, for instance, has already reported a ten-fold increase in capital inflows to its funds in the past year and predicted that VCTs would become an ever more popular and mainstream choice for retail investors in the coming year. What's more, Maven Capital Partners managing partner...