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Fidelity fund supermart shelves will lack big names wary of IFA reaction

Fidelity&#39s fund supermarket is set to go live without some of the major

fund management companies yet on board.

Insiders say many high-profile names have not yet signed because they are

concerned that linking up with Fidelity will damage their relationship with


It is understood that several major investment houses, including Gartmore,

Threadneedle, M&G and Schroder, have yet to sign up to the venture which is

being launched in June.

They fear that their relationships with intermediaries could suffer

because Fidelity will hold all customer records and will be able to provide

IFAs with all the information they need.

Fidelity now has a fight on its hands to convince groups to join up for

its service, which will offer investors the choice of going through an IFA

or doing it themselves via an execution-only service.

It will pay IFAs commission levels matching the rates of traditional

channels and is to offer more than 300 funds from 12 major groups.

A fund industry insider says: “It could be like putting your head in the

mouth of a lion and it will either bite your head off or you will emerge

unscathed. We are very concerned.”

Fidelity executive director Robin Threadgold says: “We are keen to attract

the major Isa players and they will add value to the service. We aim to

have 12 providers for the first phase and we are confident that this will

be achieved.”


Bupa International is….

Bupa International is investing £8.5m in its services to customers andbrokers internationally. The drive includes a new website for brokers whichthe independent healthcare provider says will improve the quality ofservices that intermediaries can deliver and will be backed by a newadvertising campaign.Pictured above is a still from Bupa International new corporate videoentitled, Seven Seconds Away.

Bad apple in the industry leaves a nasty taste

I felt I had to write to express my sympathy with Mark Howard for thegruelling experience he went through in court in the name of integrity(Money Marketing, April 6).Time and time again, the maggot from the bad apple in the crop crawls outto damage the company which has worked hard at its image, has projected […]

Reasons to be fearful

This business with stakeholder is getting quite ridiculous, not leastbecause the media are whipping it up into an issue of frenzied paranoiabearing little if any relationship to the attitude of the industry itself.First, customers are supposed to have freedom of choice, aren&#39t they? Oris the Treasury intent on taking that away? Commission-free contracts meanfees, the […]

12% slice of the loan market for Abbey

Abbey National is fighting back in the face of aggressive action by otherlenders by doubling its mortgage market share to 12 per cent in the firstquarter of this year.Traditional lenders have recently lost market share to new entrants butAbbey has reversed this trend.Abbey says its dramatically increased share is due to an aggressivepricing policy coupled […]

Derek Stuart: where to find value in the UK?

Derek discusses a number of Œself-help stories as examples of where he is finding good opportunities in the UK With the FTSE trading at historically high levels, many investors have questioned whether UK equities continue to offer value. But, as Derek points out, the headline figures mask many opportunities at a sector level. He has […]


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