You are here: Home - News -

FSA examines

by:
  • 24/02/2003
  • 0
The Financial Services Authority (FSA) is to investigate risks posed to retail investors by property...

The Financial Services Authority (FSA) is to investigate risks posed to retail investors by property funds.

The FSA aims to examine the various funds in the market and the quality of advice given. Speaking in London earlier this month, Howard Davies, chairman of the FSA, said: ‘While residential property investment is familiar to many householders…the financing structures of indirect commercial property investments can be complex and there is ample scope for retail investors to fail to understand the risks involved.’

However, Charles Pinder, director for Pinder Fry & Benjamin, which specialises in the limited partnerships market, said: ‘There is a certain amount of muddled thinking going on in lumping together things that are going on in the market.’

He continued: ‘The FSA is talking about everything from £5,000-£6,000 investments in Isas to someone with one of our products with a minimum investment of £40,000.’

As such, Pinder hoped the FSA would not treat the whole commercial property investment market with a broad brush, but accept it had a large spectrum of products that had different needs and client bases.


Tags

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
The complete picture

Mortgage regulation is likely to put pressure on the smaller brokers unless they form strong local links

Close