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Fidelity offers re-reg and Isa cash payment

Fidelity is offering advisers a cash payment for each re-registered case on the platform.

Fidelity FundsNetwork will give advisers a payment of £30 for each case re-registered over £10,000 and £60 for each case re-registered over £20,000. It says the payments are to offset the time spent completing and submitting applications and can be passed back to clients.

Fidelity is also waiving its share of the initial charge.  Standard commission is available, and advisers who waive their initial commission in full will enable their clients to buy at net asset value.

It is also offering advisers £5 per online Isa application, with a minimum of ten applications needed to qualify.

Fidelity International head of UK retail sales Peter Hicks says: ““The next two months are peak season for tax-advantaged investment, meaning advisers are also reviewing many of their clients’investments.  We’ve designed three special offers to benefit advisers and their businesses, as well as giving them the ability to pass a little help along to their clients.”

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