UCIS

Advisers accused by clients of mis-selling investments face being named on a ‘watchlist' launched today by a claims management firm.

There exists a "nervousness" in the professional indemnity insurance (PII) market which could force more IFAs to offer restricted advice, according to Prudential distribution change director Russell Warwick.

The Association of Investment Companies (AIC) is putting together a list of shares and securities independent advisers can continue to recommend after restrictions on their use of higher-risk unregulated investments come into force next year.

Octopus Investments has predicted a steep rise in allocations to venture capitalist trusts (VCT) in the coming year, having already seen a ten-fold increase in money attracted by its funds in the last year.

STEP TOO FAR?

Two former partners of Arck, Kathryn Joy Clark and Richard Aston Clay, have today been charged with fraud and forgery offences by the Serious Fraud Office and Nottinghamshire Police.

Retirement Planner's round-up of the top pension stories this week.

A group of investors is preparing to pursue self-invested personal pension (SIPP) provider Stadia Trustees for hundreds of thousands of pounds via the Financial Ombudsman Service (FOS) for what it claims was its failure to carry out proper due diligence...

Network Pi Financial has lost another case at the Financial Ombudsman Service (FOS), this time over advice one of its appointed representatives gave to a World War 2 veteran to invest £90,000 in an unregulated collective investment scheme (UCIS).

IFA 20Twenty Independent has entered voluntary liquidation after a spate of claims against it relating to a film tax avoidance scheme.