Retirement services and pension advice
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 or tax-free cash we can help. We can help whether you already have a Fidelity SIPP or are looking to move your pension to us.
Important information - investment values and income from investments can go down as well as up, so you may get back less than you invest. SIPP eligibility and tax treatment depends on individual circumstances and tax rules may change. Withdrawals from a SIPP are not normally possible until you reach age 55 (57 from 2028). Before transferring a pension, compare all the benefits, charges and features and always seek financial advice if you're unsure.
How we can help
Retirement guidance
We’ll help you to understand the retirement income options available, answer your questions, and offer information to help you avoid potential pitfalls. This service is free.
Personalised retirement advice
If you want a specific recommendation based on your personal circumstances then one of our advisers can help. You can call us for personalised advice. This is a paid for service.
What to expect from Fidelity’s retirement advice
Retirement specialists
Clear and straightforward pricing
Personalised Service
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Get in touch
Pension Wise
Important information: This is not a personal recommendation for a product, service or action. If you are unsure about the suitability of pension investments or transfers, or action you need to take, we strongly recommend seeking advice from Fidelity's advisers or another authorised financial adviser.
Advice fees
Guidance
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.
Advice
Investing in advice can save you money and give you peace of mind about critical decisions at retirement. We offer personalised advice with clear and straightforward pricing. We take the time to understand your plans and goals for retirement.
Fees summary
For full details of our advice services, fees and the application of VAT, please read our
Terms of Business. Please note that the table below is a summary of our advice fees for illustrative purposes. VAT at the standard rate (currently 20%) may be added in addition to the fees shown below in some cases. Further detail about when VAT may apply is explained in the Terms of Business and your adviser will outline whether and when VAT may apply to any services before you take those services.
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Retirement income planning which includes a lifetime cashflow analysis, retirement income structuring and/or pension transfer advice, (including the analysis of pensions with safeguarded benefits, where relevant). |
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For advice relating to investments and pensions, the advice fee is 1% of the amount you invest. If we provide advice relating to pensions with safeguarded benefits, this is subject to a minimum fee of £4,000 and would be paid in addition to any advice fee payable for investments and other pensions. If we recommend an annuity, the advice fee is 1% of the purchase price of the annuity.
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Where advice is being provided at the same time to a spouse or partner the total value being advised on will be used to calculate the advice fee. Fees for advice involving investment of further money into some existing accounts will be discounted if you use our ongoing advice service. |
| Investment advice |
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The advice fee is 1% of the amount you invest, capped at a maximum fee of £10,000. |
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Where personal advice is being provided at the same time to a spouse or partner, and/or for investments for minor children or grandchildren, the value of the total investment will be used to calculate the advice fee. Trust values are not included in this calculation. |
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Annual Financial Review service |
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0.5% of the value of the investment and/or pensions agreed as in scope for the review service, subject to a minimum fee of £500 pa. We will set out in our recommendation report how fees will be deducted from each product or service. |
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If you have taken advantage of our Annual Financial Review service there is no additional fee for investing new money where you are using your annual ISA, JISA or pension allowances; increases of regular contributions or moving previously advised invested money between products. e.g., from your Investment Account to your ISA or Pension. Amounts invested in excess of the annual allowance are charged at 1% of the value. The minimum fee does not apply. Where you hold multiple accounts, the fee will be deducted in proportion to their value. |
More about our advice services
We deliver advice and transact non-advised business through a wholly owned subsidiary called FIL Wealth Management Limited. Our retirement specialists focus on providing an excellent service based on your requirements.
If you prefer to select your own investments for your pension fund (using our guidance service), you’ll have access to the full range of investment funds available on our platform. If we provide you with advice in relation to your pensions, our advice is classed as restricted advice under the Financial Conduct Authority rules. This means any new product recommendations are limited to Fidelity products and services and/or investment solutions from a defined range of Fidelity investment options. The products and investment solutions we offer via our advice service are administered on the Fidelity Adviser Solutions platform.
Fidelity Retirement Services is a trading name of FIL Wealth Management Limited, authorised and regulated by the Financial Conduct Authority and registered in England and Wales with registered offices at Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey KT20 6RP.
