Pensions - Articles - Fidelity launches new offer bringing pension pots together

 The offer is open to both new and existing customers either looking to tidy up their pension arrangements or considering taking advantage of the new freedoms

  

 Fidelity will pay up to £500 in total exit fees2 imposed by current pension providers as standard.

  

 Furthermore, customers who wish to check any small print on their pension pots can also have an initial free chat with Fidelity’s Retirement Service before switching3.

  

 

  

 Jonathan Hewitt, Head of Personal Investing at Fidelity International comments:

 “By encouraging savers and retirees to bring their pension pots together, Fidelity customers would not only benefit from the cash back but also the opportunity to leave schemes with high exit charges.

 “For those customers who wish to access the new pension freedoms, this is particularly relevant. There is more choice than ever before yet the freedoms have not been uniform with some retirees coming up against exit charges, restrictions on how they access their monies or realising that their pots have a variety of charges; some of which are costly.

 “Consolidation can be very beneficial as it allows savers and retirees to organise their finances, avoid duplicate charges and, in turn, help them plan for the future. Saying this, we would always urge consumers to double check the small print on their pots – some offer preferential rates for example. If in doubt, retirees should seek out high quality, expert help either through Fidelity Retirement Service or other sources.”