Don't fall foul of the regulator

UCIS are perfectly safe products to recommend, if done in the right manner, says Tony Bray of threesixty Services.

Why are IFAs becoming more interested in unregulated collective investment schemes (UCIS)? There are two main reasons. The first is the low interest rate, low investment returns environment in which we currently find ourselves; the second is the raft of changes being introduced by the Retail Distribution Review (RDR). At a time when investors are receiving little or no interest from banks and building societies and markets are still volatile, any investment that says it offers higher returns and is relatively low risk, with the added benefits of tax advantages, as some of the UCIS scheme...