Professional Adviser & IFA Online
UCIS: FOUR DUE DILIGENCE STEPS ADVISERS MUST TAKE
By Nick McLean, Partner at Paxton Private Finance
Nick McLean, partner at Paxton Private Finance, on the FSA's proposed changes to UCIS promotions and what they mean for advisers.
Changes outlined in the Financial Services Authority (FSA) consultation on reforming the promotion of unregulated collective investment schemes (UCIS) further restrict the sale of UCIS funds to ordinary investors.
Intercontinental Finance Magazine
By David Kinane and Nick McLean, Partners at Paxton Private Finance
One of the most significant investment opportunities arising from the global financial crisis has been the development of the alternative credit market.
Historically, the financing of 'debt' was an activity largely carried out by the traditional banking sector through secured lending, but with the onset of the crisis the markets were suddenly eyeing all lending with deep suspicion and the system, and to some degree still is, gummed up.