The case for unregulated funds

Adding the prefix ‘un’ to the words ‘regulated products’ conjures up situations some advisers and their compliance staff want to avoid like the plague. But it should not be like that. First, some background: all UK fund management firms are authorised by the FSA, which enables them to carry out regulated activities such as establishing, managing and promoting various types of funds. Typically these funds will be either authorised collective investment funds such as investment trusts or Undertakings for Collective Investments in Transferable Securities (UCITS) or unregulated funds such...