AIC

The Investment Management Association (IMA) has appointed the former director general of the AIC Daniel Godfrey to replace Richard Saunders as its chief executive.

The Association of Investment Companies (AIC) has backed industry calls for the Financial Services Authority (FSA) to relax planned rules restricting the sale of EIS and VCTs to retail investors.

A number of platforms have questioned the Financial Services Authority's (FSA) intention to ban cash rebates to consumers.

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).

Jacqueline Lockie, training manager at the Association of Investment Companies (AIC), has outlined seven questions private investors should be asking their advisers in the run up to the retail distribution review (RDR).

INVESTMENT COMPANIES

Annabel Brodie-Smith of the Association of Investment Companies (AIC) reviews recent developments in the VCT sector and assesses future investment opportunities.

The Association of Investment Companies (AIC) has suggested to members with modest investments in US securities that they may be better off not signing up to controversial tax initiative FATCA and taking the penalty charge.

The Association of Investment Companies (AIC) is urging members to stop publishing total expense ratios (TERs), instead recommending closed-ended funds disclose ‘ongoing charges' to give investors a greater level of clarity.

The Association of Investment Companies (AIC) has devised a seven-step guide for advisers to help them prepare for the retail distribution review (RDR).