VCTs

Over 57% of UK pension savers are growing their retirement funds beyond their pension. (Source: Money Age)

Chancellor Rachel Reeves is reconsidering an overhaul of Cash Isas ahead of the Budget, according to media reports this morning (15 October). (Source Money Marketing)

Investment in UK spinouts hit a record £3.35 billion in 2024, marking a 44.3% increase compared with the previous year. (Business Weekly)

Wealth managers’ investments in private markets will likely stall unless high fees and transparency issues are resolved, the Thinking Ahead Institute warned. (Investment Week)

Private markets are set for rapid growth, with global assets expected to jump 70% to $23.9 trn by 2030, Ocorian’s Global Asset Monitor reports. (Money Marketing)

Confidence in the UK economy has risen slightly among high net worth individuals but fears still persist. (Source: FT Adviser)

Karen Ward, JP Morgan Asset Management’s EMEA chief market strategist, has cautioned Chancellor Rachel Reeves that the UK economy is “approaching the limit of what tax it is willing to bear.” (Source: Investment Week)

Following SumUp’s rumoured $15bn listing on the London Stock Exchange, the financial sector is wondering if this is the catalyst needed to resurrect the UK IPO market. (Source Investment Week)

Budget speech set for 26 November (Source: Professional Adviser)