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To claim the reimbursement of any account closure fees, documentary evidence of the closure fee levied will need to be provided to Fidelity, along with confirmation that a minimum of £10,000 has been invested with Fidelity within 6 months of incurring such closure fee.
We promote pension transfer offers on a regular basis. No, we only accept monetary contributions into the Fidelity SIPP as either a lump sum or regular payments.
Important information - It’s important to understand that pension transfers are a complex area and may not be suitable for everyone. Employer SIPP form. Where a re-registration or transfer is not possible and the customer chooses to sell their investments held through another provider and subsequently make new investment/s (minimum £10,000) through Fidelity Personal Investing, Fidelity will cover any account closure fees charged by the customer’s former provider (excluding any dealing charges) of up to £500 per customer. We do not charge you a service fee on any investments above £1 million. Fidelity will reimburse the exit/redemption fees charged to a customer by their former provider/s when they move their investments (minimum of £1,000) to Fidelity Personal Investing, up to a maximum amount of £500 per customer.
Where a re-registration or transfer is not possible and the customer chooses to sell their investments held through another provider and subsequently make new investment/s (minimum £10,000) through Fidelity, Fidelity will cover any account closure fees charged by the customer’s former provider (excluding any dealing charges) of up to £500 per customer. Fidelity, Fidelity International, the Fidelity International logo and the F symbol are trademarks of FIL Limited. Whether you already have a Fidelity SIPP or not, you can download the relevant form below. For a comprehensive view of our fees and charges please visit our fees and charges pages. Until then, your money will be held within your SIPP in the investments you have selected and you cannot withdraw it unless you have a medical condition that prevents you from working. The transfer should take about 10 working days, if your current provider acts promptly and has signed up to an industry-accepted, paperless transfer service; if the provider hasn’t signed up for paperless transfer it could take up to 10 weeks, possibly more. We’ll also cover up to £500 if your current providers charge exit fees (
Exactly how it works will depend on the way your pension scheme operates its tax relief. If the customer is transferring investments to more than one provider from their former provider at the same time, Fidelity will only reimburse the fees which are incurred as a result of direct transfer or re-registration to Fidelity. Exit fees will be reimbursed for transfers and re-registrations and account closure fees will be reimbursed provided the conditions above are met. The value of your investments may also be impacted by the volatility we’re experiencing at this time. This offer is valid for qualifying applications received between 31 July and 27 November 2020. Fidelity uses cookies to provide you with the best possible online experience.