Skandia's online fund supermarket, multifundshop, has gone live on the Misys m-link portal, www.m-l...
Skandia's online fund supermarket, multifundshop, has gone live on the Misys m-link portal, www.m-link.co.uk, writes Fiona Henderson.
The partnership between Misys and Skandia covers the latter's MultIsa, MultiPep and MultiFund range, giving intermediaries online access to more than 200 funds from 21 fund management companies.
Multifundshop is the only fund supermarket offering funds from Fidelity and the four fund groups who make up Cofunds.
The New Star UK Growth and European Growth funds are also available through the supermarket.
Multifundshop allows intermediaries that access the m-link portal the opportunity to apply for these funds in a single online supermarket, construct portfolios, switch between funds and fund managers and get online valuations for their clients. Brokers can also earn up to 3.5% standard initial commission.
The Credit Suisse Transatlantic and Credit Suisse European funds have also been added to the Skandia fund range. The former is managed by Susan Everly and the latter by Rajesh Shant.
There is an initial charge for Isas of 4.5% and 3.5% for Peps. For investments over £10,000 there is no initial charge.
The annual management fee for Peps, Funds and Isas is 1.5% and there is a TER of 1.7% for the European fund and 1.58% for the Transatlantic fund.
Exit fees and conversions
Initial FOC of 0.6%
Former PFS president
Last commission convened in 2002