Build for the future

Bring your pensions, ISAs and other investments together now...

...and get £100 to £1,000 cashback (exclusions and T&Cs apply).

If you have pensions with a number of different providers, you can take closer control of your retirement savings by bringing them together in a Fidelity Self-Invested Personal Pension (SIPP).

With all your pensions in one online account your money is easier to manage, you can keep a closer eye on costs and you can access Fidelity’s online tools and expertise.

  • Earn £100 to £1,000 cashback if you apply to transfer your pensions, ISAs or other investments by 2 March 2018 (exclusions and T&Cs apply).
  • We offer a low ongoing service fee and won't charge you to transfer to us.
  • If your current providers charge exit fees, we’ll reimburse you up to £500 (T&Cs apply).

Important information

Please remember that the value of investments can go down as well as up so you may not get back the amount you originally invest. You cannot normally access money in a SIPP until age 55.

If you need more time to decide whether transferring your pension to us is right for you, please note that we run cashback offers on a regular basis and you may wish to wait until the next offer period.

Pension transfers can be complex and some types of pension, in particular those with guaranteed benefits, such as defined benefit schemes and pensions with safeguarded benefits, are not eligible for this offer. Advised transfers are not eligible for this offer.

Before going ahead with a pension transfer, we strongly recommend that you undertake a full comparison of the benefits, charges and features offered. To find out what else you should consider before transferring, please read our transfer factsheet, the cashback terms and conditions and our exit fee terms and conditions. If you’re in any doubt about whether a pension transfer is suitable for your circumstances we strongly suggest that you seek advice from an authorised financial adviser.

Please note that if your pensions are moved to us as cash, you will be out of the market while your money is being transferred, so you could miss out on growth and income if the market rises during this time. If you transfer investments that are not supported by Fidelity, they will be sold and moved to us as cash, which means you will be out of the market until you choose new investments. If your existing pension provider has signed up to an industry accepted paperless transfer service your transfer should be completed in about 10 business days. If not, the transfer could take between 8-10 weeks but could be longer as the process is reliant on prompt action by your existing providers whose time frames can be variable.

Get started by bringing your pensions together today

If you’ve built up a number of pension pots over the course of your working life, bringing them together into the Fidelity Self-Invested Personal Pension (SIPP) could make them easier to manage.

Transfer my pension

Apply by post

Just download an application form, fill it in and send it to us at the address on the form.

I have a Fidelity SIPP (PDF)

I DON’T have a Fidelity SIPP (PDF)

Transfer your ISAs

Keep track of all your ISAs with different providers. Our straightforward process makes it easy to start your transfer and bring them all together.

Transfer your other investments

Having investments spread across multiple companies can be both time-consuming and costly. Bring them together for less paperwork and less stress.

Need more time to decide if transferring is right for you?

Leave your name and email address through the link below and we’ll notify you when our next SIPP cashback offer begins.

Register

Get cashback when you transfer

You transferYou get
£50,000-£99,999 £100
£100,000-£149,999 £200
£150,000-£199,999 £250
£200,000-£299,999 £350
£300,000-£399,999 £500
£400,000-£499,999 £750
£500,000 or over £1,000

Cash Back Offer – terms and conditions

The maximum cashback we’ll pay is £1,000 but not all customers will receive this amount. The actual cashback you’ll receive is dependent on the total value of your transfer. The minimum amount you must transfer to be eligible for cashback is £50,000. If you move your assets to another provider within 18 months of completing your transfer, Fidelity reserves the right to reclaim any payments which were made to you as part of this offer.

If you transfer in cash, the provider you are transferring from will sell your investments and send the proceeds directly to us. We will hold them as cash within your account until you decide what you would like to invest in.

Assets held in an existing Fidelity pension, including the Fidelity Personal Pension provided by Standard Life, the EBS SIPP and any defined contribution pension scheme held through Fidelity are not eligible for the cashback offer. This offer is valid for qualifying applications received between 29 December 2017 and midnight on 2 March 2018.

Cash Back Offer – terms and conditions

This Cash Back Offer (the “Offer”) is available when you apply to transfer your pension(s), ISAs or other investment account assets between 29th December 2017 and 2nd March 2018

1. The promoter of this offer is Financial Administration Services Limited (“Fidelity”), 130 Tonbridge Road, Hildenborough, Tonbridge, Kent TN11 9DZ.

2. Subject to section 5, the Offer is available to anyone who completes a transfer of their assets from other providers to Fidelity Personal Investing. To transfer assets you must submit a correctly completed form online or by paper.

3. Cash back will be paid in the amounts noted in the table in section 9. If you transfer less than £50,000 you will not receive any cash back.

4. The following types of transfer will qualify for the Offer:

a. Cash transfer within ISAs and pension products – If you transfer in cash within ISAs and pensions, the provider you are transferring from will sell your investments and send the proceeds directly to us. We will hold them as cash within your account until you decide what you would like to invest in.

b. Re-registration – this involves a change to the fund or share register to show that Fidelity has taken over the administration of your investment/s. We can re-register your investments if the same investments are available through our Investment Platform, and they are able to be re-registered*. If you hold a particular share class of an investment that we do not offer, we will sell your investment after we re-register it and move the proceeds into a share class that is available on Investment Platform. This switch can take up to two business days, and your money will not be invested during this time. If you hold an investment that is not available through our Investment Platform or is otherwise unable to be re-registered* it will only be able to be moved to us as a cash transfer (see above), If the cash transfer is not within a pension or ISA, that amount will not count toward your total for the Offer. A re-registration does not count as a “disposal” for capital gains tax purposes, even if we switch your investment into a different share class.

* Re-registration is not available for all products available on the Fidelity Investment Platform, for example, some offshore funds are unable to be re-registered

5. This Offer excludes:

a. transfer of Exchange Traded Instruments (including Company shares, Corporate Bonds and UK Government bonds, Exchange Traded Funds and Exchange Traded Commodities, Investment Trusts, and CREST Depository Interests)

b. transfers of assets held in a product/account provided or administered by any company within Fidelity’s group of companies including, without limitation, transfers from the EBS SIPP and the Fidelity Personal Pension, or FundsNetwork SIPP, provided by Standard Life;

c. transfers of assets currently held through Fidelity FundsNetworkTM;

d. transfers from any defined contribution pension scheme investments held through, or administered by, a Fidelity group company;

e. transfers of any defined benefit, safeguarded benefit or otherwise guaranteed pensions; and

f. advised transfers.

6. The Offer will also not apply to assets that are currently held in a product/account provided or administered by any company within Fidelity’s group of companies which are transferred to another provider and then moved to Fidelity Personal Investing.

7. Any other new investment will not qualify for the Offer.

8. Any transferred assets will be subject to the applicable client terms for the product your assets have been transferred to.

9. The value of your cash back payment will be determined by the total value of your eligible transferred assets on completion of the final transfer, as set out in the table below. Note: The minimum SIPP re-registration value is £50,000.

 

You transferWe pay you
£50,000-£99,999 £100
£100,000-£149,999 £200
£150,000-£199,999 £250
£200,000-£299,999 £350
£300,000-£399,999 £500
£400,000-£499,999 £750
£500,000 or over £1,000

 

10. Cash back payments will be sent to you after the closure of the Offer (2nd March 2018) and up to 90 days after the completion of your last eligible transfer. We will endeavour to make cash back payments by BACS transfer directly to your bank/building society account if we already hold your details. If we do not have bank details registered for you for the SIPP, a cheque will be sent to the address registered on your account. (For example if we have bank details registered for an existing ISA but not your SIPP, if you are due a cash back, we will send you a cheque for this - we are not able to send your cash back for your SIPP to the bank account registered on your ISA account.) The time it takes to complete a transfer will depend on your current provider(s). The money will be due to you at the point we issue payment.

11. The assets you move to us as part of this Offer must be held with us for at least 18 months after the completion of the transfer and must not be linked to an adviser during this period. The 18-month period starts on the date that the last transfer is settled on your account. If you transfer or re-register your assets to another provider within this 18-month period, Fidelity reserves the right to reclaim any cash back payment that was made to you as part of this Offer. Fidelity may do this by withholding an amount prior to transferring or re-registering your assets to another provider. We will not reclaim the cash back amount from assets within a SIPP, other pension or ISA. Withdrawals from your account/s or income payment will not count as transfers for the purposes of this condition and will not result in our reclaiming your cash back payment.

We promote pension transfer cashback offers on a regular basis. However it is important that you take enough time to decide whether transferring your pension to us is right for you. If you need more time and wish to qualify for the cashback offer, please wait until the next offer period.

Issued by Financial Administration Services Limited, which is authorised and regulated in the UK by the Financial Conduct Authority. Fidelity, Fidelity International, the Fidelity International logo and the F symbol are trademarks of FIL Limited.

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How do your investments add up?

Invest more than £250,000 directly with us and you’ll automatically qualify for a range of complementary Wealth Service benefits:

  • Your own dedicated Relationship Manager.
  • A Quarterly Portfolio Report analysing your holdings and fund performance.
  • A lower service fee of 0.2%, compared with our standard service fee of 0.35%. (Ongoing fund charges still apply but service fees are payable only on the first £1,000,000 that you have invested with us.)
  • Invitations to exclusive events providing insights from leading investments experts.

How to transfer your pension to Fidelity

How do I transfer my SIPP?

Transfer your pension to Fidelity in three simple steps.

  • Step 1: We’ll ask you for your details and those of your current pension provider(s). You can transfer up to ten pensions at a time.
  • Step 2: You can choose your investments when you apply, during the transfer process, or once we receive your transfer application. If the investments you hold in your existing pension are offered by us and your existing pension provider allows the transfer, we can move your pension into the same funds that you currently hold. If not, you can choose to have your investments transferred to the Fidelity SIPP as cash, and then you can decide.
  • Step 3: Review your details and confirm the transfer.

When we receive your transfer application we’ll send you a confirmation, then contact your providers to arrange for your investments (or cash) to be brought into your Fidelity account. Please be aware that you may be out of the market while the transfer takes place, so you could miss out on any growth or income that occurs while we complete your request.

Can I transfer if I have taken retirement benefits from my pension?

Before you apply to transfer a pension you’ve taken retirement benefits from, you must speak to Fidelity's retirement service. They’ll discuss the transfer with you and prepare the application form.

We’re unable to accept an online application for these types of transfer.

How long does it take?

  • Applying online only takes a few minutes.
  • The transfer should take about 10 working days, if your current provider acts promptly and has signed up to an industry-accepted, paperless transfer service; if the provider hasn’t signed up for paperless transfer it could take up to 10 weeks, possibly more.
  • You can view your order for each transfer request and track its progress online; for example, you can see if we’re waiting for the company you’re moving from to send us information or a payment.
  • Please remember that, once the transfer has begun, you may be unable to switch, top up or sell the investments you’re moving, until the process is complete.

Will you help pay my exit fees?

When you move your investments (minimum of £1,000) to us, we’ll reimburse any exit fees that your former providers charge you, up to a maximum of £500 per customer. Of course, you need to decide whether these fees will impact the future value of your pension.

Read the terms and conditions.

Download and complete the short Exit Fees Reimbursement Form

Send the form to us at:
Fidelity International,
P.O. Box 80,
Tonbridge,
Kent
TN11 9YA.

Please remember, you still need to complete the transfer application process online and qualify for the reimbursement.

Is there a minimum transfer value?

Yes

  • If the transfer is from another pension provider and you’re going to immediately start taking money from it, the minimum is £50,000.
  • For all other transfers the minimum is £10,000. This includes:
    • a cash-only transfer
    • a combination of cash and existing pension funds
    • a pension that you’re already taking money from
    • an existing pension fund whether it is all of your fund holdings or a selection.
  • If you have an existing Fidelity SIPP and want to transfer other pensions into it, unless you’re not already taking, or are about to take, money from them, the minimum transfer amount is £1,000.

What types of pension can I transfer?

We recommend that you always take appropriate financial advice before transferring a pension and in certain circumstances we will require you to do so before we can accept your transfer. It’s always worth checking before you go ahead.

You can transfer a wide range of pensions to Fidelity.

  • Personal pensions
  • Self-Invested Personal Pensions
  • Stakeholder pensions
  • Defined-contribution occupational schemes
  • Pension schemes already paying a retirement income (pension drawdown plans)
  • Free-standing additional voluntary contribution (FSAVC) plans
  • Executive pension plans (EPPs)
  • Section 32 (buyout) plans
  • Defined benefit schemes (for example final salary pension schemes)

When do I need appropriate financial advice if I want to transfer to Fidelity?

You’ll need to have taken appropriate financial advice if you’re transferring from:

  • Any defined benefits scheme (for example final salary pensions)
  • Any arrangement that has safeguarded rights (see below for details)
  • Any arrangement that has a guarantee you could lose on transfer

If any of these applies to you, we’ll need to see evidence of the advice you’ve received confirming it’s in your best interest to transfer your current pension away.

If we identify any valuable benefits during the transfer process we’ll notify you and explain what we need from you before we can continue with your application. However, this could delay us in processing your application.

For a low-cost, fixed fee, we can give you personal advice about transferring your pension. Call us on 0800 084 5045 to discuss your needs. We’ll base our recommendation on careful analysis of the value of your transfer in relation to your personal circumstances and goals.

If you prefer, you can choose your own adviser and get them to complete and return the Third Party Advice Declaration to us, so we can process your request.

For more information about which pensions you must take advice on before you transfer, view the Pension transfer factsheet.

What are safeguarded benefits?

Some pensions, typically older ones, contain guarantees of the level of income you’re entitled to when you retire. These policies are valuable today as many were written at a time when interest rates were much higher and people weren’t living as long. With lower interest rates and higher life-expectancy, the guaranteed income from these plans is often much better than you could buy if you shopped around.

These are usually considered to be safeguarded benefits:

  • Defined benefit (sometimes known as final salary or career average) pension
    Pays a retirement income based on your salary and how long you’ve worked for your employer. Generally only available from public sector or older workplace pension schemes.
  • Guaranteed annuity rate (GAR)
    A valuable guaranteed income sometimes offered by your own pension scheme or provider if you take a lifetime annuity with them.
  • Guaranteed Minimum Pension (GMP)
    If you have a GMP, you originally built up pension rights in an employer’s scheme that was contracted out of the State Earnings-Related Pension Scheme (SERPS).
    When this happened the new scheme had to promise to provide you with a pension broadly equivalent to the state pension you would have received under SERPS. The GMP guarantees a minimum retirement income from age 65 for men, or 60 for women.
    You can’t take GMP benefits early unless the pension pot is already large enough to cover the cost of providing the pension.

Similarly, you can’t transfer a GMP pot to another scheme unless the transfer value also covers the cost of providing the GMP. When you transfer a GMP to another pension scheme, that scheme has no obligation to provide benefits on the same basis.

Moving your investments to Fidelity guide

Read the guide

Find out more about moving your investments to Fidelity.