Intrinsic sent into the red by £1.7m UCIS liability
Restricted network Intrinsic Financial Planning has reported a loss after allowing for £1.7m to cover potential complaints about advice to clients to invest in unregulated collective investment schemes (UCIS).
In its accounts for 2014, Intrinsic stated that the £1.27m loss it made for 2014, compared with a profit of £673,000 the year before, is due to "a high cost of complaints". The complaints are linked...
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