Fidelity FundsNetwork announces dates and venues for bonds versus collectives regional seminars

London, 30 May 2008: Fidelity FundsNetwork™ today announces that it is to host a series of regional seminars through June and July, designed to help advisers get the unbiased view on the ongoing debate around the suitability of tax wrappers, following CGT changes in the Budget 2008.

Hot on the heels of the launch of its ‘Insurance Bonds and Collectives’ white paper, Paul Kennedy, Head of Trusts and Tax Planning Solutions will discuss the relevant tax efficiency of collective investments and insurance bonds. He will be joined by Steve Hutton, Fidelity’s Head of IFA Sales, who will cover the principles of intelligent asset allocation.

The one and a half hour seminars are set to take place in nine locations across the UK: Bristol; Birmingham; Gatwick; Glasgow; Harrogate; Manchester; Newcastle; Reading; and Southampton. The aim of the workshops is to ensure advisers are armed with the necessary understanding of how asset classes are taxed from wrapper to wrapper to enable them to make informed decisions for their clients.

Paul Kennedy, Head of Trusts and Tax Planning Solutions at FundsNetwork said: “As a platform providing both bonds and collectives, its makes no difference to us which tax wrapper advisers use. This puts FundsNetwork in a position where we can truly offer advisers an unbiased view on the collectives versus insurance bonds debate that others may not.

“Advisers tell us that the white paper we recently launched on the subject has already helped them to cut through the myths and noise that followed the CGT changes. The seminars are not about us dictating to advisers whether to use a bond or collective but about imparting an understanding so that the adviser can make the very best tax wrapper decision for their clients.”

To sign up for a place at the seminar, advisers should visit www.fundsnetwork.co.uk/adviser or call: 0800 41 41 81.

FIL Limited (“FIL”) and its subsidiary companies serve the major markets of the world by providing investment products and services to individuals and institutional investors outside the US. FIL Limited manages a total of £130.4 billion of assets*.

Notes to editors:

<sub>*Source: Fidelity as at 31.03.08.

FundsNetwork, Fidelity’s fund platform, was launched in June 2000. It offers advisers and their clients the ability to invest, manage and monitor their investments in one place, bringing them control, efficiency and new business opportunities. The FundsNetwork service is offered and managed by Financial Administration Services Limited. FundsNetworkTM is a trademark of FIL Limited. Any opinions expressed are made at the time of writing and can be subject to change without notification. Assets as at 31.03.08 are those of FIL Limited.</sub>