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Fidelity offers discounts on ISA and Pep transfers

Fidelity is offering discounts on Pep and ISA transfers to its multi-manager Oeic range and multi-asset strategic fund until April 5.

The discounts will also be available through Fidelity FundsNetwork and the funds included in the offer are Fidelity MultiManager Growth Portfolio, Fidelity MultiManager Income Portfolio, Fidelity MultiManager Distribution Fund, Fidelity MultiManager Special Situations Portfolio and Fidelity MultiManager Equity Income Portfolio.

The initial charge on transfers has been reduced to 3 per cent during the offer period, covering application forms received by April 5.

This includes 3 per cent initial commission, which is rebatable in increments of 0.25 per cent, making it possible for advisers to set the charge at a rate they agree with their clients.

Fidelity International head of the IFA channel Peter Hicks says: “The build-up to the 2007 ISA season is indicating that fund sales are set to out-strip those of 2006. IFA firms are well-advanced in their planning for the ISA season and interest in ISAs has been boosted by the Government’s decision to make them a permanent feature in the savings landscape.

“In light of this, we have decided to offer special ISA and Pep transfer discounts on our increasing popular UK multi-manager range, as well as our newly launched multi-asset strategic fund.”


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