Fidelity's retirement service

Our retirement specialists are able to provide both guidance and advice around your retirement options. If you are looking to access your pension for drawdown, guaranteed income (annuities) or tax-free cash, we can help. We can help whether you have a Fidelity SIPP or if your pension is with someone else.

How we can help

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Simply get in touch to talk about your questions in more detail.

Why choose us

Trusted

Over a million people like you already trust Fidelity to help them invest and plan for their future.

Specialists

Our retirement team are specialists in the complexities of pensions and retirement.

Competitive

There’s no charge for guidance, and our fees for advice are among the lowest of the leading providers.

This information is not a personal recommendation for any particular product, service or course of action. Pension and retirement planning can be complex, so if you are unsure about the suitability of a pension investment, retirement service or any action you need to take, please contact Fidelity’s Retirement Service on 0800 368 6882 or refer to an authorised financial adviser.

Globes

Our retirement funds

Looking for some help in choosing funds to help support your retirement income? Our experts have selected a number of funds for you to consider.

What to expect from Fidelity’s retirement advice service

Our advice fees

If you would just like our guidance service, then you won’t be charged a fee for our retirement specialists' time.  However, if you would like advice, where we give you a personalised recommendation, there will be a fee.

Investing in advice can save you money and give you peace of mind about critical decisions at retirement. Our advice fees are amongst the lowest you’ll find at leading pension providers and we’re proud of the excellent service and robust advice we provide. We typically spend 40 hours researching and analysing each case in detail.

The fee for our advice service is based on the number of pensions you have and can include both defined contribution pensions and those with safeguarded benefits, such as defined benefit schemes which includes final salary and career average pensions. We can also offer you advice on your lifetime allowance as part of these services (but not as a standalone service).

 Pension transfer and/or retirement planning advice  
 1 pension £2,500 
 Multiple pensions - 2 to 4 pensions  £3,500
 Add-on services  
 Basic lifetime allowance advice  £900
 Complex lifetime allowance advice  £2,000
 Annual Review  £500
 Partner Discount  20%
VAT may be applicable. Your retirement specialist will discuss with you any scenarios that fall outside of the above and will provide you with a fee on a case-by-case basis. For a clearer understanding of how our fees will apply to your particular situation or for a copy of our Terms of Business, please call our retirement advice service.

Our status as a financial adviser

We deliver advice and transact non-advised business through a wholly owned subsidiary called FIL Retirement Services Limited. Our retirement specialists are paid a salary and are not paid on a commission basis. Their focus is on providing an excellent service based on your requirements.

Fidelity doesn’t have its own annuity products. If you would like to secure a guaranteed income from an annuity using some or all of the money in your pension pots, we’ll select annuity products from the whole of the market for you.

If you would like to keep your pensions in investments, you’ll have access to the full range of investment funds and products available on our platform, but if we provide you with investment advice in relation to pension transfer and/or drawdown, we’ll restrict this to a set of Fidelity managed investment solutions, some of which will be invested in non-Fidelity funds. These funds invest in a range of different investment assets.

FIL Retirement Services Limited (Company No. 06121251) is authorised and regulated by the Financial Conduct Authority and registered in England and Wales with registered offices at Oakhill House, 130 Tonbridge Road, Hildenborough, Tonbridge, Kent TN11 9DZ.