Reporting mistakes lead to Cash Isa rankings slide

The slide down the performance rankings of Fidelity's Moneybuilder Cash Isa is a result of mistakes ...

The slide down the performance rankings of Fidelity's Moneybuilder Cash Isa is a result of mistakes in the reporting of its numbers rather than any fund management issue. Fidelity had been supplying Standard & Poor's with gross dividend returns for the portfolio rather than net figures as is the practice in the rest of the fund universe. As a result, the fund has had its entire past performance history recalculated and its five-star Standard & Poor's rating replaced with a single star. This has lead to Moneybuilder Cash Isa falling from first place in Standard & Poor's November a...