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Torquil Clark sets up dealing service

Torquil Clark&#39s TQ fund supermarket is launching a unit trust, Oeic funds and Pep transfer dealing service from this week.

Investors can choose from over 400 funds off ered by 27 fund managers at discounted prices either online or offline.

The new service follows the launch of TQ fund sup ermarket&#39s Isa dealing service in September.

The initial charges on most funds are less than 1 per cent for Isa and Pep transfers. Once inv ested, the maximum fee for swit ching between funds or managers is fixed at 0.25 per cent.

There is no additional annual charge for using the supermarket. For any Isa bought before the end of the year, Torquil Clark is waiving the usual £25 admin fee.

The company says offering Isas, Pep transfers and unit trusts under one roof makes the processing and monitoring of investments more straightforward for investors.

Managing director Don Clark says: “Inv estors can mix and match funds from different managers within one account quickly and easily. Rather than receiving statements at different times in the year, they get one simple to understand statement with all their investments.”

Torquil Clark says two of the five most popular funds since the supermar ket started are Aber deen global tech nology, and Hend erson global tech nology.

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