Investment groups launch net service

By THIS IS MONEY
Updated:

 

Four investment groups have announced plans to launch an online supermarket selling a range of financial services products. Gartmore, Jupiter, M&G and Threadneedle will sell their own products and those of rivals.

The supermarket, to open in Autumn, will be open to independent financial advisors to buy and sell collective funds such as unit trusts online.

The announcement comes just two days after the launch of a similar fund supermarket by rival group Fidelity. A spokesman for Fidelity said: 'We think the more fund supermarkets there are the better.'

Most watched Money videos