Fidelity plan for European supermarket

Fidelity is planning to roll out its internet-based fund supermarket into the European market, start...

Fidelity is planning to roll out its internet-based fund supermarket into the European market, starting in Germany. The supermarket, which is targeted mainly at IFAs in the UK, will be launched in mid June but the group does not plan to launch the service into Europe until the end of the year. Richard Wastcoat, managing director of UK retail at Fidelity, said: "As the European version will feature some different funds and be hosted in different languages it will take some time to put it all together. "The level of interest from providers together with interest from IFAs shows there is a...