Wheels Common Investment Fund - the history

Naomi Rainey looks at the anatomy of the Wheels Fund’s legal battle

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The finding against the National Association of Pension Funds and Wheels Common Investment Fund will have huge implications for pension schemes in the UK.

After a 2007 ECJ ruling, in favour of the Association of Investment Companies and JPMorgan Claverhouse Investment Trust, said third-party management fees for ‘special investment funds' are VAT-exem...

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