Fidelity FundsNetwork is planning to introduce free buying for lump sum investments and free switching through a pricing option launching on 9 August.
The new pricing structure will give advisers with clients above £50,000 on the platform the option to pay an annual fee, a simplified charging structure, and free switching. Advisers can choose an annual account fee of £45 which will be introduced for each of their qualifying clients during the second half of 2011, following a payment holiday. It is designed to allow advisers to better support their higher value clients, and has been introduced in response to demand, the group says. Peter Hicks, the head of UK retail sales, says: "By introducing free buying and switching, advised inve...
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