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Fidelity offers free Pep and Isa transfers into MM Oeic range

Fidelity International is offering free Pep and Isa transfers into its multi-manager Oeic range, also available through FundsNetwork.

The funds included in the offer are Fidelity multi-manager growth portfolio, Fidelity multi-manager income portfolio, Fidelity multi-manager distribution fund, Fidelity multi-manager special situations portfolio, Fidelity multi-manager 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
 
Head of IFA channel Peter Hicks says: “With a lot of people’s minds focused on “star manager” risk, the attractions of a large multi-manager team such as Fidelity’s have been highlighted.  If advisers are looking for a new home for their clients’ multi-manager investments, we are making it very cost-effective for them with this transfer offer.”

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