An authorised open-ended investment company (OEIC) or an
authorised unit trust (AUT) could be a useful approach for
wealthier families today.
An OEIC is a regulated investment structure typically used by
fund managers for collective investments. There are a number of
different variations, but all share some common features. OEICs are
subject to additional regulations designed to protect investors;
this includes limits on the types and proportions of different
investments that may be held.
We refer to OEICs, although both AUTs and OEICs are included
within this description.
Structure
An OEIC can act as a core investment vehicle for high-net-worth
individuals and their families. Typically, investors could hold
shares in an OEIC which meets their key investment aims, sometimes
with other investments actively managed alongside it to ensure that
each person's specific investment objectives are met. The
unique ability of an OEIC to pool like-minded investors'
