Tax Efficient

Justin focuses in on the positives of the financial services industry and whether alternative investments are better at the efficient allocation of capital. He also talks about why volatility and liquidity are as important as performance when it comes to portfolio construction and we touch on supporting small businesses and localism.

Danby tells us why some advisers should be considering more alternative investments, and how they can overcome some of the practical barriers that are holding advisers back. We discuss why having an investment committee could be a crucial step and finally we try and answer the key question for advisers – are alternatives worth the time and effort that they need to spend on them?

Ian gives us his view of the current landscape for tax efficient investments in the light of changes to the rules for qualifying companies and pension limits. We also talk about the importance of advisers getting to know the companies they invest with.

Caroline clarifies the role of FOS, the areas they examine when dealing with complaints and what advisers should do when they are contacted by FOS. We also cover complaints over alternative investments in particular and she reveals how many complaints are actually upheld by FOS.

Diana tells us what sorts of clients advisers should to place into VCTs and why the traditional client base is changing and diversifying as advisers use VCTs in a variety of situations. She also explains why advisers need to look beyond the title of a VCT into the underlying basket of investments and what risks advisers need to communicate to their clients.

Chris discusses what advisers should be looking for from VCT managers, the investment case for AIM listed smaller companies and why advisers have justifiably overlooked VCTs in the past – and why they should reconsider VCTs today.

Ian tells us why advisers should consider the VCT sector, including investment performance, yield and tax breaks. We also debate if recent pension changes have given a boost to VCT fund raising, and he reveals the stats and case studies that evidence how the VCT scheme has been a benefit to the UK economy.

Graham reveals what he thinks the three primary areas advisers should focus on when assessing VCTs, the unique aspects of the VCT structure and how advisers can overcome the challenge of understanding the whole of the VCT market.

Damian does a myth-busters on suitability reports and addresses some of advisers’ most common misconceptions. He reveals who the real bad guy is when advisers face complaints and tells us what is essential for a suitability report and what is superfluous, and then focuses in on the unique suitability considerations for VCTs.

Highlights of the VCT Masterclass at the offices of DWF in London where a sell-out audience of financial advisers and wealth managers heard presentations from Will Bateman representing DWF, Chris Moakes from PwC, Ian Sayers of The AIC, Eliot Kaye from PUMA, Graham Roberts from Triple Point, Chris Hutchinson from Unicorn, Diana French from Octopus, Tony Mudd of St.James’s Place and Damian Davies from The Timebank.