Advisers agree with FSA over Ucis mis-selling

Fundweb.co.uk readers have sided with the Financial Services Authority (FSA) over claims of mis-selling of unregulated collective investment schemes (Ucis).

A poll revealed that 56.5% of readers agreed that there was mis-selling of Ucis products in the industry.

The results come after the regulator warned of mis-selling of the products to retail investors in its Retail Risk Conduct Review.

In recent months, the FSA has stepped up its oversight of the products with big fines for Topps Rogers and Rockingham Independent.

To take part in the latest Fundweb.co.uk poll, “Has Osborne’s third Budget impressed you?”, click here.