FOS: Consumers 'do not always reflect on' UCIS risks

In its latest annual report, the FOS said it saw an increase in the number of complaints involving UCIS in 2011/12, with cases generally involving larger amounts of money and funds which have been suspended. "We have seen cases where consumers eager to take advantage of what seemed to be an exciting investment opportunity - at a time when returns on traditional savings and investments were disappointing - have not always taken the time to reflect on the risks involved," it said. A FOS spokesperson confirmed any complaints about UCIS would have had to be about the advice given, in most...