Licensing issues could confuse advice on Reits

Speaking at a briefing organised by Reita, the Reits and quoted property group, Fidelity and Land Securities, Peter Hicks, head of the IFA channel at Fidelity, says a lot of advisers simply don’t have the securities licence to advice on equities, and certain investments. He says: “I don’t think there’s any confusion over distribution of Reits, that’s going to be funds. What IFAs say they want is just a better understanding of Reits, although advice is a more interesting issue, and can be quite confusing.” Hicks points out as there are different ways to invest a Reit, unless an adviser...