Fidelity secures 'lowest cost' share classes from 75% of key fund partners

Fidelity Worldwide Investment has secured best price fund deals from the vast majority of its major fund partners after groups agreed to sign up to its recently-unveiled Access programme.

Investment Week can reveal 15 of Fidelity's top 20 fund partners, ranked by assets across its UK platform business, have joined the Access programme and agreed to provide the platforms with their lowest cost share classes. Aimed at groups with assets across Fidelity's platform businesses - which includes FundsNetwork - Access provides enhanced marketing and relationship support in exchange for groups' cheapest available share classes. It is also a key play for Fidelity to allow it to compete with platform rivals on price, amid a push for super clean share classes by Standard Life and ...