Fidelity considers PEP/ISA product

Subject to development testing, the product would be launched early next year and be available on its FundsNetwork platform. It would operate by allowing investors to specify an amount to be taken from the PEP or ISA each month which would then be deposited into their bank account. Peter Hicks, head of IFA channel at Fidelity International, said having spoken to many IFAs, he felt the vehicle would be an attractive option for investors and retirees in particular, seeking to supplement their pension. Hicks said: “Advisers tell me that a lot of their clients do not like annuities be...