UCIS promotion has been banned to all but sophisticated investors but the 'opportunities' haven't gone away. Carmen Reichman finds out how advisers deal with pushy salesmen and when to blow the whistle ...
Glossy brochures promising above-average returns for below-average risk in super-sexy asset classes have probably come across the desks of most advisers out there. These investment schemes usually fall under the banner of unregulated collective investment schemes (UCIS) and are usually kept firmly at arm's length. The promotion of these schemes was banned by the Financial Conduct Authority (FCA) in January. Restrictions are now in place on the marketing of UCIS to all but ‘sophisticated investors'. The ban was put in place to protect less erudite investors from risky products which...
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