Fidelity International Offshore Funds ongoing commission payments extended

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Fidelity International Offshore Funds ongoing commission payments extended

Wed 9th Aug 2006

Advisors will now receive ongoing commission for new lump sum investments in a Fidelity International offshore fund, the company has announced.

Fidelity International is the UK's largest mutual fund manager and the ongoing commission offer has been extended from domicile and tax-wrapped funds, on which it already applies.

The company has stated that the move reflects its commitment to the advisor market and the importance of "comprehensive, long-term advice to investors".

Peter Hicks, head of Fidelity's IFA channel, said: "Offshore funds are playing an increasing role in portfolio asset allocation with more advisers using offshore funds as part of their regular fund universes.

"With organisations such as the IMA announcing that they will create sectors for offshore funds, in the near future, this trend looks set to grow."

Fidelity International currently has around 450 fund managers and analysts.

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