Cavendish accounts have moved to Fidelity

Cavendish have decided to sell their business to Fidelity

The good news is that your investments and/or pensions were already with Fidelity therefore there was no transferring of assets from one platform to another and no time ‘out of the market’. You will be able to continue to use the same log in details that you were using before the transfer to access your accounts online.

As a direct customer of Fidelity, you will have access to the full capability of Fidelity’s investment and pension platform. This will provide you with a more in-depth user experience, especially for pensions. Share dealing capabilities for those of you that have the Fundsnetwork SIPP will be bought in line with how you may currently be trading if you have an ISA or Investment Account with us, with the ability to place real-time trading online, at a cost of £10 per trade. We also don’t charge a service fee on Junior ISA’s or Junior SIPPs.

You can continue to retain these funds and invest further amounts into existing assets, but you will no longer have the option to start investing in funds that are only available to FundsNetwork customers. The good news is that within Fidelity Personal Investing, we have over 3000 funds and shares for you to invest in, so we are confident there will always be a broad range of options for you to choose from

There is nothing you need to do to ensure that you continue to receive the Cavendish pricing terms for the next 12 months. We will automatically apply this on the day that Cavendish are removed from your account. 

If the pricing does change after 12 months, we will give you at least 30 days’ notice. 

Yes, if you would prefer not to become a Fidelity Personal Investing customer, you can:

• Become a customer of another financial adviser or intermediary 
• Transfer or re-register your investments to another provider. 
• Ask us to sell your investments and pay the money into a UK bank account. Please note, there may be tax implications if you choose to sell investments held in an Investment Account. If you need any help, you should speak to a tax adviser.