Investors with a number of pensions, ISAs or other investments from alternative providers can collate them together into one online account and Fidelity will pay between £50 and £1,500 cashback, depending on the amount transferred.

The offer is available to new and existing customers until 18 March 2016 and the minimum transfer amount is £25,000.

Fidelity is also offering a ‘”no obligation initial chat” with its retirement service for customers who wish to check any small print on their pension pots before switching. It adds that not all pension schemes are eligible for the switch so see the full T&Cs first.

Tiered cashback incentive rates

Total value transferred of £25k – £49,999 = £50 cashback
Total value transferred of £50k – £99,999 = £100 cashback
Total value transferred of £100k – £199,999 = £250 cashback
Total value transferred of £200k – £299,999 = £500 cashback
Total value transferred of £300k – £499,999 = £1,000 cashback
Total value transferred of £500k and over = £1,500 cashback

‘Consolidating investments can be hugely beneficial’

Jonathan Hewitt, head of personal investing at Fidelity International said: “If you’ve had a number of jobs over the years, chances are you’ve built up a few pension pots over this time. Throw ISAs into the mix, and it could become quite hard to keep a tab on your investments. Consolidating your investments into one place can therefore be hugely beneficial to help organise your finances”

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