AIC

Shareholder voting consumer platforms

The AIC are to be congratulated on this survey. https://www.theaic.co.uk/aic/shareholder-voting-consumer-platforms The survey was conducted by the lang cat on behalf of The AIC, and looks at practices with respect to voting for Investment Trust shares. But it looks to me to be a pretty good summary of their voting services for all UK shares. It seems like Fidelity have decided to follow good practice. But it seems HSBC and Bestinvest are still refusing to offer a voting solution, which is quite disgraceful. When will they ...

AIC Press Release on VCTs

To follow on from my last blog post, another interesting press release from the AIC today was that on the performance of Venture Capital Trusts (VCTs). That's particularly so when everyone is considering their tax bills at this time of year, i.e. those just paid and how they can avoid such big ones for the current year and next. VCTs do of course offer upfront income tax relief when investing in new shares, and also tax free dividends thereafter. Many have been ...

AIC Response to Green Paper

The Association of Investment Companies (AIC) have published their response to the Government's Green Paper on Corporate Governance. One recommendation contained therein is that "The AIC also recommends that a detailed study to assess retail investors’ access to voting services on platforms and other nominee account services is undertaken to identify any necessary reforms". This is of course a very positive endorsement of an issue that ShareSoc has been campaigning upon for some time - see our campaign page here: Shareholder ...