Fidelity is the UK's largest Unit Trust/OEIC fund manager. It launched FundsNetwork in 2000 which is now one of the UK's largest fund supermarkets, administering more than £9 billion of funds on behalf of more than 380,000 investors.
You can mix and match over 1,000 funds from 55 of the UK’s leading fund companies.
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Before you invest, please make sure you read CommShare’s Key Facts document and Terms of Business.
Suppose you want to transfer an existing ISA to a new fund company, e.g. you have an Aberdeen ISA with Aberdeen that you want to transfer to Jupiter. You can use Fidelity FundsNetwork so that your new Jupiter funds are held at Fidelity FundsNetwork rather than Jupiter.
Next time you want to transfer your ISA to other funds, you simply switch your funds within Fidelity FundsNetwork instead of arranging another ISA Transfer. There are two advantages:
ISA transfers can take up to 30 days and your investment can be out of the market for some time. Switches can be arranged over 2 days.
Switches within Fidelity FundsNetwork are arranged with a 0.25% charge, so you could save money too.
ISA transfers are arranged with the same initial discounts (or better) than new investments.
You can add your existing funds to Fidelity FundsNetwork completely free of charge using a process called re-registration. Free of charge means that you have exactly the same number of units/shares in each fund after they have been re-registered.
This process is sometimes referred to as consolidation and is becoming increasingly popular with investors.
Let us do the work for you.
You can complete the Fidelity FundsNetwork re-registration forms yourself.
A word of warning: Please note re-registration is a one-way process. Funds cannot be re-registered back to the original fund company.
You can switch your funds within Fidelity FundsNetwork with a 0.25% charge. It’s quick and easy to switch your funds online. Unregistered Fidelity FundsNetwork customers need to register with Fidelity to use this online service. If you have your Fidelity Customer Reference number and Account number handy, you can register now.