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Economics and investment report: Venture Capital Trusts—worth the risk?

If you’re thinking about getting involved, there are a few things you need to know

By Andy Davis   December 2019


A debate is bubbling in financial policy circles about whether some of our pension savings should be invested in young, fast-growing but risky companies that advocates believe could boost our retirement pots. The government so far says no, because the fees that venture capital funds demand are way above its 0.75 per cent pension charges cap.

That’s true. But thanks to the iron law of unintended consequences, it’s happening anyway.

Successive cuts in the amount high earners can contribute to their…

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