Consolidation

Our Consolidation tool allows you to bring your PEPs¹, ISAs and most funds from different companies together in one place, under a single login. We offer you low switching charges between funds on FundsNetwork^TM too.

That's not all. We will send you a consolidated annual report on any income paid to you outside of ISAs/SIPPs to help with your tax return. You can also view the investments of your spouse and other family members (with their permission, of course).

How to consolidate

You will need to take one of the following options. For most clients, it takes just five minutes to get the pre-filled paperwork you need.²

Re-registration allows you to move your investments into your account with us, free of charge, without leaving the market. The only change is that we will administer your account - your investments stay the same. In the unlikely event that a charge is levied by a third party, Fidelity will reimburse you.

ISA transfers: If your fund company does not offer re-registration, then ISA transfers may be the next best option. You can transfer your ISA to your Fidelity account without losing your tax-efficient wrapper.

Your current provider will sell your ISA, and then you tell us where to invest the proceeds. We sell over 300 funds which have no charge and the rest have a low initial charge, although annual management charges still apply. If your old fund company charges you to transfer, just tell us and we will reimburse you.

Please note that you will be out of the market while the transfer takes place. You may suffer loss of income and/or market growth from market movement in this period, but this could also work in your favour.

Outside ISA investments : If you can't re-register your outside ISA investments, then you will need to ask your fund company to sell your investments and send the proceeds to you to reinvest on FundsNetwork. This works in the same way as ISA transfers, outlined above.

Consolidate your investments now

¹ After April 2008 all Personal Equity Plans (PEPs) automatically became stocks and shares ISAs

² It will take longer if your fund companies don't support re-registration for your investments.

The value of tax savings will depend on your individual circumstances and all tax rules may change in the future. The value of the fund can go down as well as up so you may get back less than you invested.

Top