Martin Currie PEP and ISA products transferred

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Martin Currie PEP and ISA products transferred

Thu 2nd Mar 2006

Some 2,200 Martin Currie PEP and ISA products have been moved onto the Fidelity FundsNetwork investment platform.

The change means that Martin Currie investors can now use functions offered by Fidelity's platform, such as various planning tools and a facility allowing them to track their investment portfolios and view the performance of their funds.

This move is the most recent in a number of block transfers to the platform, with other transfers having been made by Lazard Asset Management in September last year, Egg in January 2005 and Charcol Online in May 2004.

Fidelity has now recorded an asset boost of £243 million through such transfers, with this most recent action accounting for £20 million in itself.

In a statement, Fidelity said that it was "delighted to welcome Martin Currie's PEP and ISA investors" to its platform.

It also claimed that the transfer was "further recognition of [Fidelity's] ability to provide added-value solutions that benefit fund companies, their investors and advisers alike".

The Martin Currie PEP and ISA products form a part of its £10.8 billion worth of assets under management, as recorded in December 2005.

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