FundsNetwork

·       FundsNetwork is the fund supermarket service provided by Fidelity Investments, which offers investors access to over 900 funds from 54 leading fund providers

·       New investments can be made by lump sum or monthly savings, either through a tax-efficient ISA or as a straightforward fund investment

·       FundsNetwork can be used to consolidate your entire investment portfolio including ISAs, PEPs and fund investments through transferring  or re-registering qualifying funds

·       With FundsNetwork your investment can be opened either online using your switch or delta card details or with a paper application form and cheque.

·       You only have to deal with Progressive and FundsNetwork rather than every fund manager you invest with, and all your investments appear on the same statement, either on screen or on paper, with up-to-date valuations always available online.

·       You have access to all of your account information 24 hours a day 365 days a year through FundsNetwork's online Account Management service and the website www.fundsnetwork.co.uk  also allows you to see at a glance how your portfolio is diversified across different economic sectors, geographic regions and investment styles

  More choice, more flexibility

With a wide choice of funds on offer, FundsNetwork enables you to spread your investment and diversify your portfolio. For example, in a new Maxi ISA your £7,000 could be invested with seven different fund management companies and diversified across the funds that they offer.  

No longer are you tied to a single company and their funds – with FundsNetwork there is the flexibility to rearrange your portfolio quickly and easily. If your circumstances change, then funds can be switched online. You are not restricted to this choice just for ISAs, you can use FundsNetwork for investments outside of an ISA, or transfer or re-register your PEP or ISA, or switch funds in your existing Fidelity account.

  Value for money - Charges

FundsNetwork is price neutral – this means that you pay no extra charges for buying funds through the service, compared to what you would pay if you dealt with fund companies directly – therefore you get all the extra benefits at no extra cost.

Switching

Once your investments are on FundsNetwork, it is inexpensive and easy to move between funds offered by different fund companies. You will benefit from a low switching charge – normally 0.25% - whenever you decide to switch between funds in the future. On some types of investment, there may be an additional bid-offer spread to pay. Switching can be done online or via Progressive.

  In Summary

FundsNetwork is a great opportunity for you to diversify your investments across a range of funds and providers.  FundsNetwork has one of the widest fund ranges available through any UK Fund supermarket and with no extra cost.   

Once you are invested through FundsNetwork you will be able to track and monitor your portfolio quickly and easily on-line through FundsNetwork Account Management.