This week's news… condensed

UCIS 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. FSCS Aside from the prospect of less advisers selling the products, the FSA explained why the UCIS clampdown could lead to reduced FSCS levies. Lord Flight Conservative peer Lord Flight explained why he opposed the RDR commission ban and his worries about plans to publish warning notices. Tax avoidance HMRC was rather proud of itsel...