Collective investment schemes e.g. Unit Trusts, OEICs (Open Ended Investment Companies) and SICAVs (Société d'Investissement à Capital Variable) - enable investors to spread risk by ‘pooling’ capital with others. They also:
- reduce investment costs
- provide access to leading fund management skills
- give access to investment opportunities across world stock markets
- allow investment in both core and specialist asset classes
In the 2008 budget report, the Government introduced a flat rate of capital gains tax of 18%, which has potentially opened up new opportunities to use collective investments with your clients.
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