UCIS: handle with care

Changes outlined in the Financial Services Authority (FSA) consultation on reforming the promotion of unregulated collective investment schemes (UCIS) further restrict the sale of UCIS funds to ordinary investors. As a result, there are a number of important implications for financial advisers. To a...

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Bibliographic Details
Published inProfessional Adviser p. 18
Main Author McLean, Nick
Format Trade Publication Article
LanguageEnglish
Published London Incisive Media Limited 14.03.2013
Subjects
Due diligence
Financial planners
Investment advisors
Investment policy
Reforms
United Kingdom > UK
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Summary:Changes outlined in the Financial Services Authority (FSA) consultation on reforming the promotion of unregulated collective investment schemes (UCIS) further restrict the sale of UCIS funds to ordinary investors. As a result, there are a number of important implications for financial advisers. To adhere and adapt to the proposed changes, it is fundamental that advisers have a clear understanding of what they entail, how they affect their existing clients and the effect it will have upon marketing to prospective clients. As with many regulatory or legislative changes, the FSA reforms may well have significant implications for those that already hold investments. The vast majority of UCIS schemes -- especially the boutique funds -- provide robust audited data which clearly shows their performance, assets and liabilities. Take advantage of this to inform clients.
ISSN:1743-3339