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Fidelity tests online ETF funds

Fidelity is piloting a range of exchange traded funds, inv- estment trusts and stocks on its online trading service Sharenetwork.

Fidelity Fundsnetwork head David Dalton Brown says the scheme is running with three IFA firms and is the result of increased adviser demand for passive investments.

He says: “We are running pilots for the first time where you can buy an ETF, investment trust or any stock in the market online and it is consolidated into your account. IFAs have not deman- ded that from us in the past but they are now demanding that.”

He says the firm will look to make the products more widely available if the test is a success.

Seven Investment Management Justin Urquhart Stewart says: “It is becoming a prerequisite for platforms to offer ETFs and other passives. They are not suitable for everyone but they can be a very cost-effective and flexible way of covering different asset classes.”

Investment Quorum chief executive officer Lee Robertson says: “We use them for tactical advantage within portfolios so we want access when we need them. There are a lot of financial planners now who believe that ETFs basically deliver all they need to deliver from their investment solutions.”



Guide: how to change your auto-enrolment support

As we approach the two-year milestone of auto-enrolment, employers have had the opportunity to truly assess the capabilities of their chosen support. They are also now realising that getting to the staging date was the easy part, and that support is required for almost every aspect of the day to day running of their scheme. With the three-year re-enrolment window coinciding for many with the total removal of commission and Active Member Discounts from pension-related products and services, as well as the introduction of the pension charge cap in April 2015, many employers will have no choice but to review their support options. But, what is involved in transitioning your auto-enrolment scheme away from your current support options? This guide from Johnson Fleming aims to outline some of these key areas and provide information and discussion points on what you need to consider.


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