Oeics

Innovative investment funds, including hedge products, could soon flood the market after the FSA implemented guidelines designed to help UCITS scheme operators promote their products freely into Europe.

I was looking at some HM Revenue and Customs figures recently and they quite surprised me. They were forecasting that the annual receipts for capital gains tax for 2006-2007 would be over £4bn. This compared to £3.5bn for inheritance tax.

...I would not be on my own. In October, the Daily Telegraph reported on research from the Centre for Economic and Business Research. It showed there are more than 820,000 "demi-millionaires" - that is, those worth at least £500,000 and that the number...

Collective investment schemes will be required to publish the reduction in yield as well as the total expense ratio of any unit trust or OEIC investment, under final rules for the simplified prospectus.

Multimanager investment funds have been granted a reprieve from the possibility of an additional 10% tax on their investments but those in qualifying investor schemes will still be hit.