Albion predicts bumper year for VCTs 'with or without platforms'

Excluding enhanced share buybacks, where existing holdings are reinvested into a new offer, VCTs raised about £250m in 2013. Reeve anticipates inflows of new money to grow by a further 40% to reach £350m by the end of 2014. He said: "The investment climate is better, the stock markets are up and investors generally shell out a bit more when life is looking rosier. "There has been an increasing realisation over the past few years as pensions have tightened that VCTs can be used as a supplement." Reeve, while welcoming of the impending changes to the rules surrounding VCT purchases v...