"Barry Stanley has always given me simple, uncomplicated advice, which has been totally relevant to improving my financial situation. Whether it be Inheritance Tax, Investments or Pensions he has come through with timely advice and taken away the burden and mystique of financial planning for oneself."
Barry Wood
Henley-on-Thames

Paragon Independent Financial Solutions Ltd is an appointed representative of Sesame Ltd which is authorised and regulated by the Financial Services Authority. Sesame is entered on the FSA register www.fsa.gov.uk/register/ under reference 150427.

The FSA do not regulate some forms of mortgage and Inheritance Tax Planning.

FundsNetwork

Introduction

Funds supermarkets are now being used by more and more investors who use investment funds (including those held within PEPs and ISAs ) as part of their portfolios.

They offer investors a number of key benefits. For example:

  • Do you know precisely which funds you have?
  • Do you know what they are worth right now?
  • Do you know if your funds are still right for you?

A fund supermarket is typically a web-based system that can provide an alternative, more convenient way of investing in collective investment funds. The 'supermarket' term reflects the way in which they operate; a variety of funds can be purchased from a number of different management groups in one online place. Similar to real life supermarkets, the online counterparts have different goods and services on offer. Funds supermarkets allow you to: -

  • Have a consolidated, online, statement of your holdings whenever you
    want it;
  • Have access to detailed information on your existing holdings;
  • Compare your portfolio with a huge range of alternative funds;
  • Switch between funds at minimal cost without loss of any tax-free status .

These benefits can be available, not only for new investments, but also for funds that you already hold. You can use funds supermarkets in conjunction with your adviser, or to make and implement your own investment decisions.

FundsNetwork , administered by Fidelity , is one of the leading fund supermarkets. It offers access to more than 1000 funds from 56 leading fund companies. For each of these funds you can check all the relevant performance parameters, whether they are part of your existing portfolio (by re-registering them) or whether you are selecting funds for new investment.

Back to the top