Fidelity ups commission on Sicavs

Fidelity International will now pay ongoing commission to advisers for new lump sum sterling share investments across its Sicav fund range. Peter Hicks, head of IFA channel at Fidelity, said advisers would receive 0.5% annually for ongoing client service on new non- tax-wrapped investments on 27 Sicav funds registered in the UK. He said: "These funds include some of our most popular offshore funds, such as the FF China Focus and FF India Focus funds as well as the 16 offshore funds recently given sterling share classes." He said Fidelity already paid ongoing commission on new lump-sum i...