Fund supermarkets - an easy way to invest in ISAs, SIPPs and funds with more choice and lower charges

Why use a Fund supermarket?

A fund supermarket is a place where you can invest in funds from lots of different companies. The idea is to make it easy and convenient for you to manage all your Unit Trusts and OEICs in one place, with a single valuation and point of contact.

One of the main benefits is that they offer the only way to invest your annual ISA allowance across different companies’ funds. Maybe this is why more than half of new fund investments are now arranged through fund supermarkets.

Why use a Fund supermarket through CommShare?

• Better discounts - we can help you can avoid most - often all the initial charge on most funds. We don’t take any initial commission from your fund supermarket investments.
• Cashback every year, your share of any renewal commission fund supermarkets pay us, usually 0.5% each year of the value of your funds. Fund supermarkets pay renewal commission on more funds, especially investments outside ISAs. So, if you transfer your funds into a fund supermarket, you could get more cashback every year.
• Comprehensive and impartial fund information. All your fund supermarket investments appear in your FUNDSFOLIO account. This means you see all your fund information in one place - even if you use more than one fund supermarket and have investments through other fund companies as well.

8 good reasons to use a Fund Supermarket

• Fund supermarkets offer low charges, more choice and flexibility and less paperwork - Cofunds and FundsNetwork offer all this at no extra cost.
• You can invest in ISAs, SIPPs, Investment Bonds, or just the funds themselves - often referred to as unwrapped or simply investment funds.
• Cofunds and Fidelity FundsNetwork accept lump sum applications online - anytime. If you prefer to invest by paper application - you have to for monthly savings - you can use any fund supermarket.
• You can view all your fund supermarket investments online - consolidated paper valuations are sent at least once a year.
• You can switch between funds cheaply and easily - usually 0.25%. Skandia Investment Solutions switches are free.
• You can transfer most of your existing funds into a fund supermarket - free of charge - using a process called reregistration.
• If you hold your ISAs in a fund supermarket, you can avoid problems associated with ISA transfers. If you want to transfer your ISA from one fund company to another, it can take up to 30 days. And you can be out of the market for some time. Within a fund supermarket, you simply switch from one to the other.
• All the fund supermarkets offer a handy cash reserve facility. This is ideal if you want to use your ISA allowance but haven’t decided what funds you want to invest in.

Fund supermarket features compared

Discounts and charges are for ISA and Fund investments. See SIPPs for discounts and charges relating to these.

Features	Cofunds	FundsNetwork	Skandia
Fund Companies	90+	60+	60+
Funds	1,200+	1,100+	900+
ISAs
Funds (Outside ISAs)
SIPP
Investment Bond
Lump Sum & Monthly Savings
Invest Online (Lump Sum ISAs/Funds)
Switch Online
Invest/Switch by Paper
View Valuation Online
Typical Initial Charges (after discounts)	Nil to 0.5%	Nil to 0.5%	Nil
Share of Renewal Commission
Annual Fee	Nil	Nil	£51.82 + VAT
Switch Charges	0.25%	0.25%	Nil
Free Re-registration of Existing Funds
Cash Reserve Facility

Click one of these to find out more about Cofunds, Fidelity FundsNetwork or Skandia Investment Solutions.