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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%


New Star strives to impress

NEW STAR NEW STAR HIGHER INCOME FUND Type: Oeic Aim: Income and growth by investing in UK ordinary shares, fixed-interest securities, preference shares, convertibles Minimum investment: Lump sum £1,000, monthly £50 Investment split: 100% invested in UK ordinary shares, fixed-interest securities, preference shares, convertibles Yield: 4% gross a year Isa link: Yes Pep transfers: Yes […]

Cofunds – Cofunds Cash Reserve

Friday, 15 March 2002 Type: Unit trust maxi Isa Aim: Income or growth by investing in unit trusts Minimum investment: Lump sum £1,000 Maximum investment: Lump sum £7,000 Catmarked: No Investment choice: Choice of 505 unit trusts from Aberdeen, ABN Amro, Artemis, Axa, Barings, Britannic, BWD Rensburg, Close, Credit Suisse, Deutsche, Dresdner, Edinburgh, Five Arrows, […]

NU slashes commission under pension pressure

Norwich Union is slashing commission rates by up to 75 per cent on its pension products, saying the pressure of the 1 per cent regime is forcing it to cut costs.It is cutting commission on short-term contracts but increasing commission on contracts of more than 20 years. Contracts of less than five years will see […]

NatSavings introduces first equity-linked plan

National Savings and Investments has launched its first equity-linked investment product in the form of a guaranteed equity bond.The move follows the rebranding of National Savings in February. The five-year bond offers the potential for stockmarket growth alongside 100 per cent capital security.The bond is linked to the performance of the FTSE 100 index and […]

Generation Rent

By Denise Wond, marketing manager We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be. Homeownership is at its lowest point in 30 years, […]


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