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Fidelity adds Widows and Barclays Global to FundsNetwork

Fidelity&#39s FundsNetwork is expanding its range with 29 funds from Scottish Widows and Barclays Global Investors.

The total funds on offer is 594, which FundsNet-work says makes it the biggest investment superstore in the UK for intermediaries. Widows is one of the last big groups to join the supermarket and brings 18 unit trusts. Five are UK, eight overseas and five income funds.

BGI is adding all 11 of its funds currently available to UK retail investors.

Since its launch in June 2000, FundsNetwork has more than tripled its pro-viders from the initial 14, more than doubled the number of funds available from the original 250 and raised a total of nearly £600m in assets.

Scottish Widows senior investment development manager Andrew Gordon says: “We have been facing increasing demands from IFAs to access Scottish Widows funds through fund supermarkets. As part of our ongoing commitment to IFAs we are delighted to be able to offer such a service through FundsNetwork.”


Thinktank proposes advice for all before buying annuity

An influential pension consultant is putting forward a plan for everyone to get independent financial advice before buying an annuity.Thinktank Pension Policy Institute governor Dr Ros Altmann has suggested to Downing Street and the Treasury that providers should push all pensioners through an independent advisory process before they buy an annuity.The proposal is understood to […]

ScotEq International&#39s business suffers amid Revenue challenge

Scottish Equitable Inter-national saw a sharp business decline in 2001 in a year which was beset with difficulties for the firm.Single-premium income fell by 37 per cent to £203m from £320m in 2000.Luxemburg-based SEI had planned to launch a with-profits bond from a new office in Dublin this year but has put it on hold […]

NDF launches two structured products

NDF has launched two new structured products offering a degree of capital protection on investors&#39 capital.The NDF Recovery Growth Plan 2 is a five-year product linked to the returns of the FTSE100 index. Investors get 100 per cent of their capital back unless the index falls by more than 50 per cent over the lifetime […]

Ex-Misys IFA director Wright is joining EMX

Former Misys IFA Services networks director Max Wright is joining EMX as head of sales and marketing.Wright, who was also marketing director at Misys, will be responsible for communicating the benefits of new improvements to the EMX electronic message exchange service due to be brought to the market in the coming months which aims to […]


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