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The application of the Ucits III (undertakings for collective investments in transferable securities) directive in the UK has led Edinburgh-based Standard Life Investments to rethink its approach to structured products. So says Jackie Kerr, the company’s head of mutual fund and life fund investments.

“We had been looking at the development of the structured products market for quite some time,” she says. “We knew that with the Ucits III legislation the government was keen to bring these products

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