The pick of this week's articles on IFAonline...
The Financial Services Authority (FSA) came out with its long-awaited paper on unregulated collective investment scheme, and, as expected, it should see even fewer advisers sell the products. Here are some of the key changes being proposed.
Aside from the prospect of less advisers selling the products, the FSA explained why the UCIS clampdown could lead to reduced FSCS levies.
The pick of this week's articles
HMRC was rather proud of itself after revealing some big wins in the fight against tax avoidance, claiming it had prevented £200m from being diverted from the Exchequer.
We all know the government is planning to replace the current tiered state pension sytem with a flat rate, and this week pensions minister Steve Webb (pictured) provided more reasons why this is necessary.
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What made financial headlines over the weekend?
Q2 net sales dropped almost 50%
‘Important to have an anchor’
Lack of innovation for solutions