Experienced Investor
Earn £1,000 cashback by switching fund platform
Savers who move their money onto the Fidelity platform could receive up to £1,000 cashback.
But to earn the maximum bonus, customers need to transfer more than £500,000 in ISAs, pensions or funds from their old provider to Fidelity by 9 June 2017.
People with smaller savings pots can still earn cashback but will need to transfer a minimum of £50,000 to qualify for the offer (see table below).
The incentive is open to both new and existing customers.
Fidelity will also reimburse each customer up to £500 to help cover any exit fees charged by current providers.
| Total value transferred | Cashback |
| £50,000-£99,999 | £100 |
| £100,000-£149,999 | £200 |
| £150,000-£199,999 | £300 |
| £200,000-£299,999 | £400 |
| £300,000-£399,999 | £600 |
| £400,000-£499,999 | £800 |
| Over £500,000 | £1,000 |
Jonathan Hewitt, head of personal investing at Fidelity International, said: “With the tax year end coming to a close and the start of the new tax year on the horizon, many investors will be reviewing their portfolios and be looking to make the most of their various annual allowances. This can be a time consuming and laborious process if your investments are scattered across various providers.
“A simple and effective solution is to bring all your investments together into one place. By consolidating your investments, you’ll be able to spend less time keeping track of all of your investments and more time concentrating on building and growing your investment portfolio.”
