Nurs rule change fails to boost offshore market

UK Chancellor Gordon Brown's amendments to allow non-Ucits retail schemes (Nurs) to be eligible for inclusion in ISAs, PEPs and Child Trust Funds may have the non-regulated fund industry jumping for joy but structured deposit providers are still holding their breath.

The new rules, which came into effect on December 27, will allow managers to include non-(Ucits) eligible assets such as fund of funds and property within tax-efficient wrappers.

But it remains unclear whether structured deposits

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