Fidelity FundsNetwork

You can invest in over 1,200 Unit Trusts, OEICs (Open Ended Investment Companies), SICAVs, and a small number of Investment Trusts on the Fidelity FundsNetwork platform, using Clubfinance as your intermediary.

Clubfinance takes no initial commission and rebates to you 75% of any renewal (trail) commission we receive, annually by cheque. Clubfinance does not charge any fees – we are remunerated by the 25% of the renewal commission that we retain. To see the range of funds available and our trail commission rebates, please click on the “Funds” button above, You can also benefit from our trail commission rebates for existing holdings on FundsNetwork by appointing Clubfinance as your agent. Click here for more information.

If you log in through the FundsNetwork website, to benefit from our discounts, you will need to ensure that Clubfinance is indicated as your intermediary (our reference number for Fidelity FundsNetwork is 812935).

Fund Initial Charges

Two charging structures are available, one with an annual FundsNetwork fee. These are set out in the table below.

Account Fee terms only apply to online transactions (whether submitted online by the investor or Clubfinance) and ISA transfers. Note that it is not possible to deal online in Investment Trusts outside an ISA.

*  Click here for more information on switch fees

** Click here to find out more about the Account Fee

How to invest

You can generate all the information required online on the Fidelity FundsNetwork website (click here).You can also see our discounted initial fund charges and our annual trail commission rebates for each fund by clicking the Funds button above. If you have a preliminary enquiry or you would like the relevant documentation e-mailed to you please use the following form at the base of this page. Click here to go to form

Please remember that in order to benefit from commission rebates, you must send all documents to Clubfinance Ltd and not direct to Fidelity FundsNetwork, including a signed Client Declaration Form each time you send us a paper application, together with proof of identity if you are a new Clubfinance customer.

You can carry out some transactions online on the Fidelity FundsNetwork website. However, you still need to send a signed Client Declaration to Clubfinance the first time you do this, together with suitable identification unless you have already supplied this to Clubfinance. Click here for full details of the process

Our postal address is:

Clubfinance Ltd
PO Box 1036
Hemel Hempstead
Hertfordshire
HP1 2WU

Please click here to access Fidelity FundsNetwork

Summary details

This is only a guide. Full details will be contained in the Key Features for the fund supermarket.

FundsNetwork Key Features

Click here for FundsNetwork fund information

New investment

We rebate 100% of our initial commission to reduce the initial charge. After the rebate, initial charges are between 0% and 0.25% (0% to 0.5% for Investment Trusts). See the table above for more information.

Minimum new investment is generally £1,000 per fund lump sum (additional lump sums into existing funds: £250 per fund) or, in most cases, £50 per fund monthly.

Remember that we will also rebate 75% of any renewal (trail) commission each year by cheque (see our Terms of Business). Depending on the fund, renewal commission is typically 0.5% of the fund value per year, but can be lower or zero. You can check this on our Funds page.

You can find full details of charges and commissions when you generate a personalised Key Features document when you have logged into FundsNetwork. Alternatively, complete the enquiry form at the bottom of this webpage.

Re-registration

Neither FundsNetwork nor the fund companies offering re-registration charge anything for this service. There are no initial charges to pay.

However, clients re-registering funds within Aegon's Premium ISA service will incur Aegon's usual charges on exiting the service. In the unlikely event that a charge is levied by a third party, Fidelity will meet this cost.

FundsNetwork Re-registration Guide

Clubfinance’s usual 75% rebate of any renewal commission will apply.

Transfer

We rebate 100% of our initial commission to reduce the initial charge so the initial fund charges will be 0% to 0.25% (0% to 0.5% for Investment Trusts). See the table above for more information. Clubfinance’s usual 75% rebate of any renewal commission will apply.

The minimum transfer is generally £1,000 per fund.

Note that your existing plan manager may make a charge or exit fee.

Switch

We do not take any initial commission on switches. Under the default Initial & Switch Charging structure, if you switch Units or Shares, you will normally pay a switching fee of 0.25%. However, if you switch Units or Shares for which there was no initial charge on purchase, normal initial charges will apply. If you are switching into a fund with where the standard (undiscounted) initial charge is 0%, then there will be no switching fee. For recognised offshore funds (e.g. SICAVs), the switch charge is up to 1%. Under the Account Fee structure, the switching fee is 0% for online investments.

Funds are bought and sold, so could also have a buy-sell spread, or the fund manager may apply a dilution levy.

Funds available

To see the range of funds available, please click on the “Funds” button above or click here. You can look at the funds available from each fund manager either inside or outside an ISA.

Fidelity FundsNetwork Information Request

Clubfinance Ltd is authorised and regulated by the Financial Services Authority. Clubfinance offers an execution-only discount broker service; Clubfinance does not give advice or recommendations. If you have any doubt about the suitability of a particular product or service, or you require advice, you should seek a personal recommendation from an appropriate firm that does give advice. Clubfinance does not produce the products it arranges, or manage the underlying investments. Payments must not be made to Clubfinance, but to the relevant product provider. Contact details for Clubfinance can be found under ‘contact us’. Users of this website should be aware of the following:

• Past performance is not a reliable indicator of future results.

• The value of investments and the income from them can fall as well as rise as a result of market and currency fluctuations. For many types of investment, you may be placing your capital at risk, meaning that you may not get back the amount originally invested and you may risk losing your entire investment.

• Some investments and policies may only be suitable as medium or long-term products.

• Tax treatments depend on your individual circumstances and may be subject to change in future.

• This website contains financial promotions relating to services offered by and products available through Clubfinance.

• In the event of any conflict between product literature and information provided by Clubfinance, the product literature shall prevail.

The information on this website is intended solely for the use of those people who are United Kingdom residents for tax and investment purposes and is governed by our terms and conditions of website usage, please click here for details. It is not for distribution in any other jurisdiction, including the United States of America. Anyone who is not a UK resident should not continue with this site unless wishing to read about personal finances available to UK residents for informational purposes only.

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Clubfinance Ltd. Registered Office: Charleston House, 13 High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AA
 Telephone: 01442 217 287, Fax: 01442 241 045
Registered in England, Registered Number: 04522114. Consumer Credit Licence Number: 608951
Clubfinance Ltd. is authorised and regulated by the Financial Services Authority (400139)