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FundsNetwork launches online switching service

Fidelity FundsNetwork has launched an online switching service for its SIPP, onshore investment bond and international bond.

Switches can be made between funds and to the online cash account at no extra cost and there is no need for a wet signature, which cuts out paper work, reduces errors and processes switches more quickly.

FundsNetwork has also upgraded its Morningstar x-ray service to include more detailed portfolio information and flexible statement options.

Fidelity FundsNetwork head of sales and marketing Rob Fisher says: “We are continually looking to improve the various services and wrappers we offer. Providing free online switching in the SIPP, onshore and international bond cuts out paper work, reduces errors and generally just makes the whole process much quicker. All three wrappers are proving to be highly popular and many advisers will find this new enhancement makes a real difference to day-to-day management of them.

“The Morningstar x-ray service has always been very popular with advisers. The new functionality will make a big impact on the day to day work of advisers, particularly because it is their feedback and suggestions which have driven the changes – the service is now even more attuned to their needs.”


PMPA appoints rival packager director as managing director

The Professional Mortgage Packagers Alliance has announced the appointment of Eddie Smith as its new managing director. Smith will start at PMPA at the beginning of September moving from his current position as director of operations at another packager association, AMPD.Eddie will report to the PMPA Board and its membership. PMPA chairman Vic Jannels says: […]

All just a guessing game

I know I’ve said it before, but this really doesn’t feel like summer yet – in more ways than one. The inconsistent weather seems to be echoing the state of the markets, and the financial services sector is suffering the ripple effect.

Pioneer announces autumn seminars

Pioneer Friendly Society has announced a series of training and development seminars for brokers across the UK this autumn. The seminars will tackle industry issues, including the forthcoming new deal for welfare, and other important topics such as the importance of income protection within an adviser’s overall TCF strategy. Pioneer says over 1200 delegates have […]

Parental leave and pensions

Fiona Hanrahan  – Senior Product Insight and Technical Support Analyst We are often asked how parental leave impacts workplace pension schemes in terms of funding in general, auto enrolment and salary exchange. This article will explain each of these. How does parental leave impact the funding of workplace pension schemes? A member of a defined […]


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