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Internet IFA launches discount Isa funds supermarket, an internet-based IFA, has set up a discount Isa funds supermarket providing a choice of over 410 funds from 27 companies.

AdviceOnline is one of the UK&#39s first IFAs to use the internet as its only sales tool. Prospective investors can log on for specific independent financial advice without the need for a face-to-face meeting with an IFA.

The supermarket is promising to waive IFA commission on all its lump-sum unit trusts.

Although AdviceOnline lets clients get all their advice on the net, it also gives them the option of face-to-face or phone advice from a network of around 180 IFAs in the UK.

Director Gary Elliott says: “By using our Isa fund supermarket, investors have great flexibility and can spread their investment over many different investment managers and funds, which is not poss ible outside a fund supermarket. And people have access to professional financial advice 24 hours a day, seven days a week.”


FSA must take an online lead

My decision last summer to leave secure, recession-proof employment for the turbulence of cyberspace was met with a hefty dose of cynicism from almost everyone around me. The change was certainly drastic. Like a chick peering over the edge of the nest, I viewed the world outside the FSA as challenging and disconcerting. There was […]

National Counties Building Society launches fleximortgage

National Counties Building Society has launched a fleximortgage with an initial payment rate of 4.69 per cent for the first six months. The rate is available for purchases or remortgages up to 80 per cent of the property value, on loans between £30,000 and £250,000. No lender processing or valuation fees apply. The building society&#39s […]

MPs question role of Civil Service in debacle

MPs are demanding to know the role played by long-time civil servant turned regulator Martin Roberts in the Equitable Life debacle. Roberts was head of life insurance with the DTI from 1989 until 1992. He moved to another role in the department until 1998 but then became director of insurance at the Trea sury in […]

Eurozone maintains interest rate

The European Central Bank has kept its interest rate at 4.75 per cent, although analysts anticipate that a cut will come soon. The ECB may have decided to proceed with caution to assess the effect of Wednesday&#39s Opec decision to cut oil production by 1.5m barrels per day, which fuelled fears of inflation. Credit Lyonnais […]

International jurisdictions

By Neil Jones, Canada Life Investing through international providers has grown in popularity over recent years as investors seek out the benefits of gross roll-up and the wider range of investment options that can be available. When considering a recommendation for a lump sum investment, not only does the adviser have to select a suitable tax wrapper […]


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