From the Ed: was the UCIS ban for the greater good?

It has also heavily fined a number of firms and cancelled their permissions, as well as taking action against a number of individuals. Its website says: “We will continue to take robust action to protect consumers and deter firms from breaching our rules.” Part of that robust action was its final rules on UCIS promotion, issued on Tuesday, which confirmed a ban on their sales and marketing to the vast majority of retail investors in the UK. The FCA said its rules would mean promotions of these “riskier and often very complex fund structures” would generally be restricted to more suita...