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Fidelity cuts cost of online share deals

Fidelity International is cutting the cost of online share trading from 13.50 to 9 a trade, regardless of size or frequency.

The ShareNetwork service allows investors to deal in all stocks listed on the main market of the London Stock Exchange, including investment trusts. Investors must open an account at a charge of 5 a month.

ShareNetwork members receive free personal membership of Crest, the online share registration and settlement service, whereas investors are usually offered a Crest nominee account. With personal membership, investors retain the right to vote on company resolutions at AGMs and receive shareholder perks.

Personal investing business managing director Doug Naismith says: “Too many shareholders are missing out on the benefits of direct stock ownership for while the number of investors choosing to set aside certificates in favour of online dealing is rising, the number of brokers offering personal Crest membership remains small. ShareNetwork offers investors the best of both worlds – a low-cost online dealing service while receiving the full benefits that personal membership of Crest confers.”


Tory questions Govt on FSA malpractice and reform

Tory backbencher Gregory Barker has tabled three written questions to Parliament about the the FSA, asking about future plans for reform, staff expenditure and malpractice. Treasury economic secretary Ivan Lewis said that apart from the complaint received by the Parliamentary Ombudsman alleging maladministration in respect of the prudential regulation of Equitable Life, there have been […]

NU will pick an advocate to bid for 3.4bn orphan assets

Norwich Union has stepped up its attempts to reattribute 3.4bn of orphan assets within two of its with-profits funds by moving to appoint a pol- icyholder advocate to look into the deal. The company says there is no clarity over who legally owns the orphan assets and it is looking at bringing a case to […]

Gerrard weights exposure

Gerrard Investment Management has teamed up with structured product provider Woolwich Plan Managers to offer IFAs a structured product which has weighted exposure to four stockmarket indices depending on performance.

A fly swotter

Protection was essential at Goodwood last week as Direct Life & Pensions top brass took a team of journalists to fly helicopters, planes and fast cars. A charity race day in support of Flying Scholarships for the Disabled saw a reporter from a downmarket rival scoring full marks in the helicopter flying section, showing an […]

Choose life…

Sarah Scott  – Marketing Consultant, Royal London  This month sees the return of Renton, Sickboy, Begbie and Spud in the sequel to the film Trainspotting. Just over 20 years later, we return to see exactly how life treated the characters whose lifestyle was less than ideal back in 1996. Did they choose a job, choose […]


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