UCIS

Tony Hales at Stadia Trustees says IFAs are vital for providing the right advice on investment suitability

The Financial Services Authority (FSA) has banned and fined two directors of an IFA firm for giving unsuitable advice on unregualted collective investment schemes (UCIS).

A former director of collapsed IFA network Alpha 2 Omega (A2O) failed to act on a handful of "notorious" advisers known to be aggressively pushing unregulated collective investment schemes (UCIS) to clients, earning them the monikers 'the famous five'...

The FSA has acted against an individual suspected of involvement in an unauthorised collective investment scheme.

IFAonline reveals how easy it is for anyone to earn 12% commission pushing 'SIPP-ready' property club investments in an Egyptian hotel.

Advisers should not have received literature about the Connaught Secured Income fund Series 2 with shortened risk information, according to Connaught Asset Management.

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.

SIPP investors' demand for unregulated collective investment schemes is on the rise, despite a series of high profile failings and regulatory warnings about the products.

The FSA has fined one IFA firm and censured another for advice failings on unregulated collective investment schemes (UCIS) and geared traded endowment polices (GTEPs).

The compliance industry is out of step with the FSA over how to assess clients' attitude to risk, exposing advisers to unnecessary enforcement action, IFA consolidator Succession warns.