US passive giant Vanguard to enter UK

Vanguard, renowned globally for low-cost investments, is currently awaiting FSA approval to unveil its initial UK fund range. The new funds business, Vanguard Investments UK, will be headed by Tom Rampulla, the former principal and sales director of Vanguard Financial Advisor Services. "Vanguard has established a core competency around serving advisers in the US, having grown our US adviser-services business to nearly $240bn in assets," Rampulla says. "We plan to leverage that knowledge and experience in the UK and our initial focus will be on the domestic advisory market. "We will ...