FundsNetwork to offer Pep transfer

Fidelity FundsNetwork is to offer stock Pep transfers, known as 'in specie,' at no extra cost by early next year as part of a range of service enhancements in the pipeline. FundsNetwork is also planning to launch an online share dealing service, to be called ShareNetwork, enabling it to offer investment trusts for the first time. Speaking at FundsNetwork's second e-volution forum, Robin Threadgold, executive director of UK wholesale at Fidelity, said despite capturing 10% of intermediary Isa sales in its first year, FundsNetwork is not going to stand still and will continue to add to t...