Vanguard said it believes now is actually a good time to enter the UK market because it offers low-cost funds.
We will be advocating fee-based advice to UK independent financial advisers, which we believe to be in line with the Financial Services Associations objective of increasing the level of fee-based advice available for UK investors, Rampulla said. As a leading provider of retirement services in the U.S., we also expect to bring that experience to bear on the UK at a later stage.
Vanguard Chief Executive Bill McNabb added: Vanguards mission in the UK, as globally, will be to help clients achieve their goals by being the worlds highest value provider of investment products and services.