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Revealed: The strong-arm tactics of UCIS salesmen

gee-philippa-1
  • Laura Miller
  • Laura Miller
  • @citizenlaura
  • 11 May 2011
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IFAs have been warned of sales practices by some providers of unregulated collective investment schemes (UCIS) who are wrongly telling advisers they must recommend their products to remain independent.

Tony Sanchez, director at alternative investment consultants Clara Capital, said providers have started telling IFAs unless they recommend their schemes the FSA will consider them restricted post RDR....

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