Fidelity cuts Isa transfer charge

Fidelity has reduced the initial charge for all Isa transfers from 3.5% to 3%.

Fidelity has reduced the initial charge for all Isa transfers from 3.5% to 3%.

The offer will run until April 30 to enable advisers to
transfer clients’ assets both in this tax year and the next one. Moreover, 3% commission is still payable to advisers, which means Fidelity retains no load on transfer applications.

This allows advisers to adjust the charge their clients pay to reflect only their own commission requirements.