A guide to moving investments
Find out more about moving your investments to Fidelity with our handy PDF guide.
Read the moving investments guideKeeping track of your retirement planning and savings can be a challenge. We can help make it easier by consolidating your pensions.
It’s easy in today’s job-hopping workforce to build up numerous pension pots with different employers. Bringing your pensions together in a flexible Self-Invested Personal Pension (SIPP) can help you to take control of your retirement savings.
Bringing your pensions together in one place can make it easier to manage and keep track of your retirement savings, helping you to plan ahead more effectively - and it could be cheaper, with lower service fees than you're currently paying.
If you are already withdrawing money from a pension, that doesn't mean you are locked into that provider. Find out more about transferring a pension in drawdown. If you decide to transfer a pension that’s already in drawdown to us please contact Fidelity’s Retirement Service to start the process.
It’s important to understand that pension transfers are a complex area and may not be suitable for everyone. 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 SIPP transfer factsheet. If you are in any doubt whether or not a pension transfer is suitable for your circumstances we strongly suggest that you seek advice from an authorised financial adviser.
To find out what you need to consider before you transfer, please read the factsheet above.
If you’d like to discuss transferring a pension or would like us to send you an application form.
Whether you already have a SIPP with Fidelity or not, download the relevant application form, fill it in and return it to the address on the form.
Not convenient to call now? Give us your details and we’ll call you:
Please note: if your query is not in relation to a pension transfer you should call our Customer Services team on 0333 300 3350.
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 that 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 8 to 10 weeks but could be longer as the process is reliant on prompt action by your existing providers whose time frames can be variable.
The value of investments can fall as well as rise, so you may get back less than you invest. This information is not a personal recommendation for any particular product, service or course of action. If you are in any doubt whether or not a pension transfer is suitable for your circumstances we strongly suggest that you seek advice from an authorised financial adviser.
Remember, you won’t normally be able to access money invested in a SIPP until the age of 55.
Get £20 to £1,000 cashback if you apply to transfer your pensions, ISAs or other investment accounts to us by 1 March 2019.
You transfer | You get |
---|---|
£10,000 - £24,999 | £20 |
£25,000 - £49,999 | £50 |
£50,000 - £99,999 | £100 |
£100,000 - £149,999 | £250 |
£150,000 - £399,999 | £500 |
£400,000 - £499,999 | £750 |
£500,000 or over | £1,000 |
We'll also cover up to £500 if your provider(s) charge exit fees ( T&Cs apply).
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 £10,000. 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 28 December 2018 and midnight on 1 March 2019.
One login, one online statement, one number to call — and one simple fee.
Our typical service fee is 0.35%, but by bringing your investments together you could qualify for our Wealth service, one of the benefits of which is a 0.2% service fee.
We don't charge exit fees if you wish to transfer out of Fidelity. For transfers in however, we will cover any exit fees your current provider may charge, up to a total of £500 per person. T&Cs apply*
*£500 back on exit fees, terms and conditions
Find out more about moving your investments to Fidelity with our handy PDF guide.
Read the moving investments guideUS markets were closed for the President’s Day holiday.
This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.
In order to request exit fees re-imbursement you will be required to complete an exit fees re-imbursement form, or request over the phone by calling us on 0333 300 3351.
Fidelity will reimburse the exit/redemption fees charged to a customer by their former provider/s when they move their investments (minimum of £1,000) to Fidelity, up to a maximum amount of £500 per customer.
An exit fee is an administration charge which is imposed by the former provider and arises directly as a result of processing the transfer or re-registration of the customer’s investments to Fidelity. Fidelity will not reimburse the customer for any loss of investment returns, loss of interest, dealing charges, penalties for transferring investments before their maturity dates or any other charges associated with your transfer or re-registration.
Where a re-registration or transfer is not possible and the customer chooses to sell their investments held through another provider and subsequently make new investment/s (minimum £10,000) through Fidelity, Fidelity will cover any account closure fees charged by the customer’s former provider (excluding any dealing charges) of up to £500 per customer. Fidelity will not cover any bid-offer spreads or any capital gains tax liability arising as a result of these transactions.
Exit and account closure fees reimbursement must be claimed within a 6 month period from date of transfer of the customer’s investments to Fidelity. Exit fees will be reimbursed for transfers and re-registrations and account closure fees will be reimbursed provided the conditions above are met. Products included: ISAs, PEPs, Unit Trusts, OEICs, SICAVs, Fidelity Personal Pension, EBS SIPP and the Fidelity SIPP. Products excluded: ShareNetwork.
To qualify for the reimbursement, the fees from the customer’s former provider must have been triggered as a direct result of the transfer or re-registration to Fidelity, or the closure of an account where the customer has subsequently (within 6 months) invested at least £10,000 through Fidelity. If the customer is transferring investments to more than one provider from their former provider at the same time, Fidelity will only reimburse the fees which are incurred as a result of direct transfer or re-registration to Fidelity. Other fees or charges unconnected with the transfer will not be reimbursed.
The completed Exit Fee Reimbursement Form and documentary evidence of the charge will need to be provided in order for the exit fees to be reimbursed to the customer. To claim the reimbursement of any account closure fees, documentary evidence of the closure fee levied will need to be provided to Fidelity, along with confirmation that a minimum of £10,000 has been invested with Fidelity within 6 months of incurring such closure fee.
The documentary evidence referred to above, must be either a copy of the charge confirmation letter from the former provider or a statement showing the charge being deducted.
Payment will be made to the customer by BACS when a bank mandate is held on the account. Alternatively, payment will be made by cheque.
If you want to transfer into a SIPP you already have with Fidellity, download this application form, fill it in and send it to us at the address on the form.
If you want to open a SIPP with Fidelity and transfer into it, download this application form, fill it in and send it to us at the address on the form.
The combined value of all pensions being transferred must be at least £1,000 and you can transfer up to 10 pensions at a time. If you don't have a SIPP with Fidelity we will take you through opening one.
You will need:
If you already have a Fidelity account, log in here to transfer into your SIPP or to open one.
If you need to open a SIPP to transfer into, you can do that here.
This Cashback Offer (the “Offer”) is available when you apply to transfer your pension(s), ISAs or other investment account assets between 28 December 2018 and midnight on 1 March 2019
* Re-registration is not available for some products on the Fidelity Investment Platform. For example, a number of offshore funds cannot be re-registered.
You should also note that Company shares are not yet available for all Fidelity SIPP holders and are not eligible for this offer within a SIPP. Please note that this does not affect Investment Trusts within a SIPP which are eligible for the cashback offer. Nor does it affect the re-registration of company shares in a Fidelity ISA or Investment Account, which are eligible for cashback and available to all new and existing customers.
Total transfer value | Cashback |
---|---|
£10,000 - £24,999 | £20 |
£25,000 - £49,999 | £50 |
£50,000 - £99,999 | £100 |
£100,000 - £149,999 | £250 |
£150,000 - £399,999 | £500 |
£400,000 - £499,999 | £750 |
£500,000 or over | £1,000 |
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.