VCT fundraising up 53% year-on-year

With just £110.8m raised in VCTs by the same point in the previous tax year, the Association of Investment Companies (AIC), which published the data, said the increase highlighted the "continuing demand" in the VCT sector. AIC chief executive Ian Sayers (pictured) said: "This fundraising data is a real vote of confidence in the VCT sector.  The pension rule changes and reduction in the lifetime allowance have clearly acted as a boost to investor interest along with its established track record, both from a growth and income perspective." He added: "It is hard to predict what the final...