Fidelity raises initial fees on Isa wrappers

Fidelity is raising the initial charges on all investments within a Pep or Isa wrapper to 3.5% and l...

Fidelity is raising the initial charges on all investments within a Pep or Isa wrapper to 3.5% and lowering charges on unwrapped business. All unwrapped investments will be harmonised at 3.5%, reduced from the current 5.25% initial charge, while Isa charges face a 25 basis points price hike. Intermediary commission remains unaffected at 3%. The price changes come into effect on unwrapped investments and Isa lump sum investments on 1 December, while the initial charge on Isa monthly savings plans will remain for plans established before 29 February 2004. Plans started before the end of Fe...