SIFA warns UCIS knowledge gap threatens IFA ties

SIFA, which helps to form links between the two professions, is concerned by the potential migration of advisers to restricted models due to a lack of knowledge of UCIS and other products. Under current Solicitors Regulation Authority rules, solicitors can only refer clients to independent financial advisers. Experts have previously suggested a failure to grasp UCIS could be the gap in their knowledge base which forces advisers to become restricted post-RDR as they would not have a ‘whole of market' view. David Seager, development director at SIFA, says: "In two years' time are you go...