Colonial First State (CFS) is considering launching a UK fund supermarket, following on from the suc...
Colonial First State (CFS) is considering launching a UK fund supermarket, following on from the success of its model in Australia, by Ruth Alexander. The group, which is focused on boosting the online services it provides for UK IFAs, receives half of its fund flow via supermarkets in Australia, where it is the second-largest fund manager. CFS offers Australian investors its FirstNet Master fund supermarket. Master trusts, as they are known in Australia, blur the distinction between providers and IFAs by offering dealing, administration, record-keeping and tax-efficient wrapper...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes