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Fidelity is taking fund supermart on the road

Fidelity unveils its fund supermarket FundsNetwork this week with a series

of roadshows and a £2m advertising campaign.

It is running a national poster campaign with extensive trade and national

press advertising.

Over 3,000 IFAs are expected to attend the seven roadshows which are being

held across the UK.

IFAs will be given the chance to see the site in action ahead of its full

launch on July 17.

FundsNetwork is one of the UK&#39s first supermarkets designed for IFAs but

more are expected to enter the market over the next six months.

The supermarket has 256 funds from 14 fund providers, including Aberdeen,

Invesco and Mercury. More fund firms are expected to join later.

Fidelity hopes to repeat the success of its US supermarket which is the

market-leader. About 90 per cent of all online fund trading is done through

Fidelity or its rival Charles Schwab.


Zifa apppoints protection marketing director

Zurich IFA Group has appointed Kevin Pearce as its new protection marketing director. From this month Pearce will take over from John Ravenscroft who has retired. Pearce, 41, has 23 years experience at Allied Dunbar. Zurich is hoping Pearce will strengthen its relationship with IFAs.

Conversion supporters are &#39turkeys voting for Xmas&#39

Bradford & Bingley borrowers will be like “turkeys voting for Christmas”if they back conversion, according to rival building societies.Commentators now believe the B&B windfalls of 250 shares will be wortharound a third less than the £800 originally estimated becausestockmarket conditions for financial companies are affecting the valuation.Other building societies are claiming that borrowers will lose […]

&#39Technology spellsthe end of panels&#39

New technology will soon make IFA product panels redundant, claimsresearch specialist Synaptic Systems.It believes panels restrict choice and do not provide customers with trueindependent advice since they are often restricted to a handful ofcompanies chosen using subjective criteria.Synaptic, which offers software packages to more than 3,000 IFAs, says itssystems allow IFAs to select the most […]

Advisers must urge clients to support Standard mutuality

With postal votes due in by June 23, time is running out for IFAs who wantto influence the future of Standard Life.The giant Scottish mutual is all too well aware of this and has sent outsample letters to intermediaries urging them to advocate a &#39No&#39 vote totheir clients.For IFAs themselves, and for UK consumers generally, […]


Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.


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