Created in 1994, the Enterprise Investment Scheme (EIS) provides investors with a series of attractive reliefs in return for investing in unquoted companies which may carry a higher degree of risk. How do companies and potential investors qualify to take part in the Scheme?
There are a series of complex rules which govern how companies and individuals can take part in the EIS.
How does a company qualify for the EIS?
- The company must be unquoted – although it may be listed on the AIM / PLUS markets.
- The company must be independent.
- Only ‘small’ companies can join the scheme (i.e. their gross assets must be £7m or less beforehand, and £8m or less after shares are issued). <
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Picking a health insurance plan can feel like receiving a research project – you need to understand the different parts of a plan, research your options, compare health insurance companies, and then make a final decision. But consumers shouldn’t underestimate the value of finding a compatible medical savings account with their health plan.
There are two main types of medical accounts that individuals can choose from including Health Savings Accounts (HSAs) and Flexible Savings Accounts (FSAs). Four things that you should know about each type:
1. What benefits does the account offer.
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Celents Creative Disruption event last week was very well received. For those of you who couldnt make it, I thought you might like to see the video that set the tone for the event. Special thanks to National Western Lifes CIO, Mike Hydanus, and Oregon Mutuals CIO, Bryan Fowler, who shared their views on creative disruption on camera.
Creative Disruption
Some State Farm customers in Alabama will be paying a bit less on their auto insurance premiums starting next month, when the company implements an overall rate cut for policyholders in that state.
A State Farm spokesman confirmed Thursday that the company is reducing rates by an average of 2 percent statewide as of Nov.
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Marsh & McLennan Agency, a subsidiary of insurance broker Marsh Inc., acquired the employee benefits division of a Marlborough, Mass.-based agency, adding about $600,000 in annual revenue to its middle-market operations.
The New York-based national insurance broker bought the employee benefits operations of Kaeding, Ernst & Co., an employee benefits, life insurance, and financial-planning consulting firm.
Financial terms of the transaction were not disclosed.
The division will become a part of Bostonian Group, a Marsh & McLennan Agency company, further expanding Bostonians depth and expertise in employee benefits, officials said.
The transaction is the second complementary acquisition for Bostonian/MMA following the February acquisition of the Boston office of Kinloch Consulting Group, the employee benefits division of Kinloch Holdings.
Kaeding, Ernst has built a strong reputation of delivering trustworthy advice and innovative solutions to its employee benefit clients.
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Linda Melone
Spoiler alert: The life-threatening stunts, nasty vermin and wacky pranks you see on reality TV shows like “The Amazing Race” and “Survivor” may not be quite as dangerous as they appear.
If they were too risky, you’d see far fewer reality shows on TV because of all of the costly insurance claims spawned by those stunts, vermin and pranks, according to Lorrie McNaught, vice president of Aon/Albert G. Ruben, an insurance brokerage for the entertainment industry.
“Part of the danger perceived by the viewing audience comes from a combination of camera angles and dramatic music. It’s only supposed to look scary,” McNaught says. “No one wants t
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