• Pensions
  • How to change your funds

How to change your funds

You can change the funds in your pension portfolio at any time. You also have the option of moving money into and out of your SIPP Cash Account. There’s no charge for making any of these changes.

Move money into different funds

  • You can replace one fund with another
  • You may want to move money into or out of your SIPP Cash Account, either as a temporary measure or to take account of your changing attitude to risk
  • You should bear in mind that money held as cash has less growth potential than fund investments
  • Another important point to remember is that some companies will charge you for buying and selling their funds
  • $userType (java) =
  • $userCategory (java) =
  • $userIdentity = Default
  • Match Found in DCR = 1

Switch online

Rebalance your funds back to your most recent instructions

  • Over time the percentage you have in each fund varies as a result of market performance – for example, a fund that has performed relatively well may now make up a larger proportion of your overall valuation than you intended
  • Every so often you may want to rebalance your pension investments so they reflect your original instructions again
  • In addition, you should regularly review your investment choices and instructions to check that they are achieving the growth you were hoping for and to ensure they still match your attitude to risk

Here to help

If you have any questions, please call our freephone UK-based team.

Here to help

0333 300 3350

Monday to Friday, 8am to 6pm,
Saturday 9am to 6pm.

Please be aware that Fidelity Personal Investing does not give advice. If you are unsure of the suitability of an investment, please contact an authorised financial adviser.

How long will it take?

Moving money from one fund to another involves two transactions – selling units in one fund and buying units in another. These transactions will usually take place on two successive business days. However, it may take longer, depending on the type of fund involved and the time of day we receive your instructions. After the sell and buy transactions, it can take another four business days for the deals to be completed or ‘settled’, making a total of around six business days. During this time, the money you are moving between funds may not be included in your pension valuation.

Each fund has daily pricing point, which is when we initiate a deal. This has an impact on the way we handle multiple online instructions:

  • If an instruction comes in before the pricing point for an earlier instruction, we only carry out the most recent instruction.
  • If an instruction comes in after the pricing point for an earlier instruction, we wait until the first deal has settled and then carry out the most recent instruction.