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UCIS

Investment

Major Axiom Legal fund distributor calls to sack directors

The main distributor of the suspended Axiom Legal Financing fund is urging investors to sack the fund's directors with immediate effect.

clock 30 November 2012 •

Pensions

SIPPS: What capital is adequate?

Fiona Murphy asks what the FSA's capital adequacy consultation means for the self invested personal pension (SIPP) industry

clock 23 November 2012 •

Investment

IMA urges FSA to tighten definitions in 'toxic' products ban

The Investment Management Association (IMA) has called on the Financial Services Authority (FSA) tighten up its definitions of banned 'toxic' products to avoid a catch-all situation with other similar investments.

clock 20 November 2012 •

Regulation

Network takes another hit over UCIS mis-selling

IFA network PI Financial is in the spotlight again over the mis-selling of unregulated collective investment schemes (UCIS), two months after being hit with a £58,000 fine by the regulator for giving unsuitable UCIS advice.

clock 13 November 2012 •

Economics / Markets

Five things clients will call you about this week

FIVE THINGS

clock 12 November 2012 •

Regulation

Advisers face mass film UCIS mis-selling claims - reports

About 500 investors are considering making mis-selling claims against their advisers for recommending unregulated collective investment schemes (UCIS) linked to the film industry over the past ten years, the FT reports.

clock 11 November 2012 •

Offshore Investment

FOS rules against Intrinsic in 'risk free' UCIS case

The Financial Ombudsman Service (FOS) has ruled Intrinsic Independent Limited must repay about £86,000 to a client it gave unsuitable advice to invest his self-invested personal pension (SIPP) into an offshore property unregulated collective investment...

clock 05 November 2012 •

Regulation

This week's news… condensed

CONDENSED

clock 02 November 2012 •

Investment

AIC lobbies regulator over VCT ban

The Association of Investment Companies (AIC) has backed industry calls for the Financial Services Authority (FSA) to relax planned rules restricting the sale of EIS and VCTs to retail investors.

clock 30 October 2012 •

Regulation

Adviser fined £117k and banned for UCIS mis-selling

A financial adviser has been banned and fined £117,330 for mis-selling unregulated collective investment schemes (UCIS).

clock 29 October 2012 •
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