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Talkback – Is there room in the mnarket for another IFA fund supermarket?

Is there room in the market for another IFA fund supermarket?

“No. We already have the likes of Cofunds, Fidelity, Egg and Inter-Alliance which are offering a good service. More would just muddy the water.”

Ewen Barnes,Barnes Independent Financial Advice

“No. You need more than one to make sure one does not have the monopoly. But in actual fact, the principal of a fund supermarket is |to stop you having to look at four or five different things.”

John Cerone, G Cerone

“Not in my view, at least until IFAs start using them en masse. There are a lot of IFAs who do not use them at all.”

Leigh Johnson, Zimb Johnson Bespoke Financial Planning

“No. The fund choices are the same on these supermarkets so unless they are going to do something spectacular with charges, I do not see the point.”

Carolyn Bolton, Spectrum Financial

“At the moment, I would have thought not. There seems to be enough fund supermarkets at the moment, with not much money going into unit trusts, it seems a bad time to launch one.”

John Amey, Cavendish Independent Financial Advice

“No. I think the way things are set up at the moment is about right for the people in the market.”

Neil Cropley, First Line Life & Pensions

“No. Assuming the current ones are operating efficiently, would you go to Asda and Tesco?”

Malcolm Keysell, Privatfinans

“No. They are a total waste of time.”

Mark Stringer, Professional Financial Management

No 100%

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