Fidelity International extends withdrawal facility

The facility enables Isa and Pep holders to take a set monthly or quarterly “income” from their investments. Investors in growth funds without distributions can now opt for a regular fixed amount to be paid as capital withdrawal without encashing their whole investment or losing any of the tax benefits available through Isa investing. Richard Wastcoat, UK managing director at Fidelity International, said: “We expect more investors to want an income from their savings as they approach retirement. Holders of growth funds no longer need to sell or switch to another product just because they wa...