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Fidelity FundsNetwork – FundsNetwork Sipp

Fidelity FundsNetwork

FundsNetwork Sipp

Type: Full self-invested personal pension

Minimum investment: Lump sum 10,000, 300 a month, 3,000 a year

Investment choice: Core investments – FundsNetwork mutual funds range, Sipp bank account, Standard Life investment policy funds, non-core investments investment trusts, direct equities, fixed-interest securities and all other Inland Revenue permitted investments including commercial property

Options: Drawdown facility, discretionary management option offering choice of Cazenove, Tilney, Morgan Stanley Quilter, Gerrard, Newton or Brewin Dolphin

Charges: Initial 100 for investments solely in core investments otherwise initial 290 plus up to 5% additional initial charge depending on initial IFA commission taken, annual 250 for investments solely in core investments otherwise 400, 120 for withdrawals plus transaction and dealing charges on non-core investments and additional costs for property

Commission: Initial up to 5%, fund-based renewal up to 0.5%, funded commission up to 3%

Special offer: No initial or annual charge in firt year for clients initially investing at least 60,000 solely in core investments

Offer period: Until further notice

Tel: 0800 023 4141


CSAM makes strategic alliances hire

Credit Suisse Asset Managemnet has appointed former DWS head of investment partners Stephen Andrews as head of third party sales and strategic alliances. Andrews will be responsible for the firm’s distribution through national intermediaries and networks as well as supermarkets and life companies. Andrews was responsible for building DWS’ relationships with third parties including life […]

Fair trade

Treating customers fairly has become one of the main drivers of change in our industry during the last 12 months for all the right reasons. There is considerable variation in what different parts of the community see as the behaviour to treat customers appropriately.

Hammond takes on Tory Work and Pensions role

Philip Hammond has replaced Sir Malcolm Rifkind as shadow Work and Pensions Secretary after Rifkind walked out on the role.Former Euro MP Theresa Villiers has taken over Hammonds role as shadow Chief Secretary to the Treasury.David Willetts has moved from shadow Trade and Industry Secretary to the Education brief with Alan Duncan replacing him.David Cameron […]

IFAs lose accountants’ referral deal

IFAs have lost their exclusive right to referrals from accountants as the Institute of Chartered Accountants of England and Wales widens its rules to include multi-ties. The Law Society may follow suit and allow lawyers to make referrals to multi-ties, with a decision due in early 2006. Previously, introductions could only be made to independent […]


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