Fidelity launches IFA referral scheme for pension

Fidelity’s Personal Pension is a low-cost pension and a version of the FundsNetwork SIPP provided by Standard Life. It will accept new investments and transfers from other personal pensions and SIPPs into the range of mutual funds available on Fidelity FundsNetwork. Investors with complex advice requirements will not be eligible for the execution-only Personal Pension and will instead be referred to local advisers. Such investors might include those who require advice on transfers from employer-sponsored pension schemes, drawdown and non-mutual fund investments through the SIPP. Rich...