Fidelity launches free-for-life pension wrapper

The provider says the wrapper is aimed at savers comfortable making their own investment decisions. Investors who take out the Fidelity Personal Pension before December 10 this year will not pay a set-up fee or an annual administration charge for the life of the plan. They will also pay no initial charges on any of the funds held in the pension and no switching fee when they change investments. Fidelity says investors only pay the usual management charges levied by the investment companies managing the underlying mutual funds that savers choose. The product also offers free transfers...