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Fidelity FundsNetwork urges advisers to review Sipp charges

Fidelity FundsNetwork is urging advisers to review existing pension plans to see if they could find their client a cheaper option.

A poll by FundsNetwork found that 86 per cent of advisers thought cost was the most important factor to consider when choosing a self-invested personal pension.

Nearly half of Sipp investors – 46 per cent – felt that charges are set too high.

FundsNetwork is waiving core plan fees for IFAs who make platform mutual fund investments on behalf of their clients of £150,000 or more into the Sipp before May 2 2008.

FundsNetwork head of sales and marketing Rob Fisher says: “Our current special offer brings to the advised market a Sipp which is free from any pension charges for clients in the pre-retirement phases – a potential cost saving to the client of nearly £13,000. Investors don’t have to pay over the odds for an Isa so why should a Sipp be any different?”
 


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