One of the cheapest ways to access the stock market could get even cheaper if plans by Vanguard, the second largest fund manager in the US, to launch in the UK come to fruition.
The fund management group, which is the largest manager of tracker funds in the US, is considering offering tracker funds to retail investors in the UK - a move that could trigger a price war. Vanguard is a mutual, which means it passes on its profits to customers in the form of competitive prices in a similar manner to building societies. In the US, Vanguard and Fidelity compete intensely on tracker fund pricing and some advisers believe if Vanguard were to launch in the UK, a similar price war could erupt over here.
