Fidelity FundsNetwork Sipp offer unveiled

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Fidelity FundsNetwork Sipp offer unveiled

The new Fidelity FundsNetwork self invested pension plan (Sipp) has been launched together with an offer to attract customers.

Those choosing the Fidely FundsNetwork Sipp will be charged no set-up fee and no administration fee for the first year.

However, investors must transfer a minimum of £60,000 and must choose only mutual funds, insured funds or the Sipp bank account as part of their Sipp.

Customers must keep solely to these investments for at least 12 months to ensure they receive the full benefit of the offer.

The Fidelity FundsNetworks offers customers over 1,000 funds to choose from.

David Dalton-Brown, head of FundsNetwork, commented: "The retirement market is set for major reform and this Sipp, provided by Standard Life, puts FundsNetwork at the forefront of those changes."

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