View more on these topics

‘Not all Ucis are risky’

The Association of Policy Market Makers has defended unregulated collective investment schemes after an FSA warning over the products.

In early August, the FSA warned advisers that Ucis providers were using aggressive sales techniques to lure advisers into selling high-risk schemes, promoting assets such as golf courses in Mexico. It said advisers face regulatory action if they sell them to the wrong types of clients.

But the APMM says not all Ucis are high risk. It says many of its member firms offer funds that trade Teps and are usually registered as Ucis as investors can only sell out of their holdings once a month. Spokesman Steve Smith says: “Golf courses in Portugal are radically different from with-profits products which are provided by some of the securest financial institutions in the UK.”

He adds that UK Tep providers include Prudential, Standard Life, Aviva and Legal & General.

Recommended

2

Don’t hide your TERs

The issue of cost is something that regularly gets debated when looking at the fund management industry, with wide ranging discussions about what represents ‘good value for money’. The truest representation of cost to an investor is through the Total Expense Ratio and these can range from as little as 0.2 per cent to upwards […]

‘Over-optimism’ hits BlackRock UK absolute alpha fund performance

Mark Lyttleton, the manager of the £2 billion BlackRock UK absolute alpha fund, has expressed disappointment with its short-term performance but dismissed concerns about the size of the portfolio. He says over-optimism on valuations this year was the key factor in underperformance, with the vehicle’s net long positioning leaving it exposed as markets fell. Over […]

3

Self importance

Paul Thomas looks at the options for self-employed borrowers following the MMR

Choose life…

Sarah Scott  – Marketing Consultant, Royal London  This month sees the return of Renton, Sickboy, Begbie and Spud in the sequel to the film Trainspotting. Just over 20 years later, we return to see exactly how life treated the characters whose lifestyle was less than ideal back in 1996. Did they choose a job, choose […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment