FSA to assess risk of property funds

Professional Adviser
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The high growth of assets in property investment vehicles has the FSA concerned the products are be...

The high growth of assets in property investment vehicles has the FSA concerned the products are being advised incorrectly. The regulator has launched a project examining the nature of property funds currently being marketed, the information available, the risks in each category and the extent to which financial advisers understand and properly advise on this type of investment. It will cover unit trusts and investments trusts, offshore closed-end companies which can be incorporated in Isas and limited partnerships. The FSA's attention has been brought towards limited partnerships ...

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