Tom Hopkins: Going for growth

The 2017/18 tax year was like no other for venture capital trusts (VCT) and Enterprise Investment Scheme (EIS) fund managers - and perhaps one many will be glad to see behind them. At the same time, many advisers may perhaps be looking forward to a new year on a level business playing field. The last tax year brought the dual beasts of MiFID II and significant rule changes to the tax-efficient investment industry. In contrast, the 2016/17 tax year saw strong inflows into EIS and VCTs, with the latter delivering the second-highest rate of inflows ever recorded, as relevant pension rule ch...