Fidelity International has launched a distributing share class on its Retirement Income fund which will offer 4% p.a. income paid monthly direct to investors' bank accounts.
The 4% will be taken from income generated by the fund but may also include an element of capital to produce the overall distribution. For investors who want the flexibility to adjust the amount of income they receive over time, there is the option of using the existing accumulation share class of the Retirement Income fund in conjunction with the Fidelity Withdrawal Facility. This facility allows investors to withdraw a level of income of their choice on a monthly, quarterly, semi-annual or annual basis. The minimum withdrawal on the facility is £50 and it is free to set up and run. T...
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