By ADRIAN LOWCOCK 18/08/2008
Fidelity’s supermarket platform FundsNetwork will open up to protected rights SIPPs in the run-up to regulatory changes that will allow such funds to be held within a SIPP wrapper for the first time. Applications will be accepted for SIPPs with protected rights from the middle of September prior to the change in regulation coming into force on 1st October. Investors will no longer have to put up with the inconvenience of splitting out non-protected rights funds or avoiding transfers with any elements of protected rights.
With an estimated £100 billion held in protected rights across the UK, many investors would be well advised to start to review their old plans.
FundsNetwork will also provide early business illustrations for clients wanting to transfer protected rights.
To find out how you could benefit from this new opportunity, please click here to register your interest, or you can call Bestinvest on 020 7189 9999 and speak to an adviser.