Groups to set up IFA Fidelity rival

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Four top UK fund providers are working together to launch an IFA fund supermarket this autumn to riv...

Four top UK fund providers are working together to launch an IFA fund supermarket this autumn to rival Fidelity's Funds-Network. Gartmore, Jupiter, M&G and Threadneedle have contributed a combined £20m to launch a separate company, known as Consolidated Funds. Headed by Sam Jensen, formerly of Fidelity's FundsNetwork in the US, Consolidated will offer IFAs a free, tailored, white labelled supermarket featuring all of the funds from the four groups, plus other investment houses. IFAs will be able to brand the site with their own label and the supermarket will be tailored to all types of ...

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