Fund supermarkets can give advisers more time to spend with their existing clients, as well as take on new ones, by removing some of the burden of administration, says Ruth Clarke
Fund supermarkets have officially arrived in the UK and their very real emergence over the past year as a significant distribution channel is already changing the way business is transacted. According to research company Cerulli Associates, it is estimated that by 2004, the related benefits of fund supermarkets will lead to 25% of all new unit trust business being accounted for by this distribution channel, with intermediaries accounting for 65% of the market. Fund supermarkets are already well established in the US and as the public desire for a 'world of convenience' continues, the UK has...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
