Abstract
This chapter explores the functions of the diverse grouping of financial institutions known as non-bank financial intermediaries and comparisons are made between unit trusts and investment trusts, and the impact of pension funds on the operation of the financial system are considered. The effectiveness of venture capital funds in promoting seed-corn businesses is analysed, and the changing role of venture capital funds is detailed. The operations of the National Savings movement are set out and the special status of National Savings is emphasised. The activities of finance houses in providing credit facilities are also examined.
This is a preview of subscription content, log in via an institution to check access.
Preview
Unable to display preview. Download preview PDF.
References
Bank of England (1990)‘Venture Capital and the United Kingdom’. Bank of England Quarterly Bulletin, February.
Budd, A. (1986) ‘Do We Need a National Investment Bank?’ National Westminster Bank Quarterly Review, August.
Dixon, R. (1989). ‘Venture Capitalists and Investment Appraisal’. National Westminster Bank Quarterly Review, November.
Goacher, D.J. and Curwen, P.J. (1987) British Non-Bank Financial Intermediaries (Allen and Unwin, London).
Peat Marwick (1986) ‘The Business Expansion Scheme’ (Inland Revenue).
Copyright information
© 1991 Michael Pawley, David Winstone and Patrick Bentley
About this chapter
Cite this chapter
Pawley, M., Winstone, D., Bentley, P. (1991). Non-Bank Financial Intermediaries. In: UK Financial Institutions and Markets. Palgrave, London. https://doi.org/10.1007/978-1-349-21660-4_7
Download citation
DOI: https://doi.org/10.1007/978-1-349-21660-4_7
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-55536-1
Online ISBN: 978-1-349-21660-4
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)