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Fidelity launches Moneybuilder US index fund

Fidelity Worldwide Investment has added to its Moneybuilder range with the launch of a US index fund.

The Fidelity Moneybuilder US Index fund will track the S&P 500 index and joins Fidelity’s other Moneybuilder funds, including the Balanced, Dividend, Global, Growth, Income and UK Index funds.

The fund will be available for an estimated total expense ratio of 0.3 per cent with no initial charge at launch. Minimum investment in the fund is £500.


Rob Reid glasses 150

Rob Reid: Beware providers taking advantage

You may recall that in a recent news article I argued that Standard Life should not be mailing clients, I have since had a direct response from the company using the get of jail card of ‘we need to do this under our treating customers fairly obligations’. Now it appears Standard wants me to prove […]

Precise removes minimum income requirements for B2L

Precise Mortgages has removed its minimum income requirement on all buy-to-let applications and increased the maximum loan size on its near prime range. Precise has previously imposed a minimum income requirement of £25,000. Buy-to-let applicants will now be required to provide three months worth of bank statements in lieu of proving income. The maximum loan […]

L&G reveals RDR adviser charging proposition

Legal & General has announced details of its RDR adviser charging proposition. The provider will support adviser charging for new investments across a core product range including its Select Portfolio Bond, International Portfolio Bond, Suffolk Life Sipps, pensions and with-profits annuities, Cofunds pension account and unit trusts. In addition, from 14 December L&G products with […]

BNY Mellon announces Insight range restructure

BNY Mellon has announced a number of mergers of Insight Investment funds to better position the boutique for the post-RDR world. BNY Mellon head of UK wholesale Scott Goodsir says: “These proposed changes are designed to capitalise on Insight’s core investment expertise and provide our intermediary clients with strategies that help investors through the investment […]


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