FundsNetwork offers cash for re-registration

Following a similar format from last year’s campaign, intermediaries will receive a £50 fee per client if their assets of £5,000 or more in Oeics, unit trusts, Isas and Peps are re-registered through FundsNetwork between June 20th and August 26th this year. Re-registration of funds is free and any potential fees from third-party providers will be picked up by Fidelity. At the same time, investors will also receive a £25 payment, as Fidelity says the move to place as much of a client’s assets in the system is essential if it is to progress towards a full wrap service. This is accomp...