AIC

The Government has announced a consultation into the tax regime for investment trusts which will include rules on direct property investment.

The AIC has appointed Ian Sayers as director general after he held the role of acting head of the organisation since the departure of Daniel Godfrey at the end of July.

The European Union is considering imposing tough new measures to curb the pay of private equity and hedge fund managers in a further clampdown on the sector.

The AIC thinks the EC's proposed Alternative Investment Fund Managers Directive (AIFD) will result in an increased climate of risk - but is "cautiously optimistic" that it can be overturned.