understanding financial jargon
A Fund Supermarket is an online broker that offers a wide range of Unit Trust / OEIC funds from different providers. The main value to retail investors is the savings that are often made on the initial purchase of the fund and ongoing management charges. Typically a fund will charge 5% if purchased through the fund provider, but discounts of up to 5% can be achieved by a fund supermarket due to the high volume they offer to providers, because of their ability to aggregate purchases from many retail investors. Similarly some management fees are negotiated down by the fund supermarket, and so this is usually the most efficient way of purchasing Unit Trust or OEIC's in the UK.
Some of the main fund supermarkets operating in the UK include Hargreaves Lansdown, Fidelity Funds Network, CoFunds and Bestinvest. There are others so if you are interested in opening an account you should research who is currently operating and what service they offer. Note; Not all fund providers operate via fund supermarkets, so certain types of funds may not be available via this mechanism (but the majority are).
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
We hope you found this information useful.
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