EPIC targets 'disgruntled' IFAs with new VCT

The VCT will target at least 4p per share annual dividends and is expected to return capital to investors in year eight. It is targeting non-qualifying fixed income and quoted mid-cap equity portfolios initially, then in private equity opportunities. EPIC CEO Giles Brand says he found IFAs were “clearly disgruntled” with VCTs, feeling the level of return is not proportionate with the risks. “Too much emphasis appears to have been placed on the tax breaks with too little focus on the coherence of the investment strategy,” he says. “Investing in VCTs marketed as low risk purely for the ta...