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Egg to Fidelity (Do I accept the switch??)

Egg investment users should have received a note saying that Egg Investments will be transferred to Fidelity. We have a choice to accept this, sell or move to another investment house.

Has anyone received any info on whether Fidelity offers good value when compared to Egg. I have been unable to find any discussion forums about this topic which is surprising as it should affect many of us.
It is not MY fault that I never learned to accept responsibility!

Comments

  • Reaper
    Reaper Posts: 7,357 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    They are just doing the admin, your investments will carry on being invested by the original fund managers. And yes, Fidelity are good.

    EDIT: I THINK that is what the email said. I got the email but discarded it without properly reading it as I had already sold my investments. So I might be wrong.
  • Fidelity are huge and as the topic has not raised many eyebrows, I am assuming that they are good value in addition to being huge.
    It is not MY fault that I never learned to accept responsibility!
  • dunstonh
    dunstonh Posts: 121,233 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Are the ISAs being moved to Fidelity for fund management or onto their funds network for administration purposes only or both?

    Fidelity by fundsnetwork or fidelity managing the funds is better than Egg (or both) is a much better option.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • kinster_2
    kinster_2 Posts: 592 Forumite
    as in magellan fidelity?
    You'll Never Be Rich Working for Someone Else
  • Reaper
    Reaper Posts: 7,357 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    as in magellan fidelity?

    That is just 1 fund run by Fidelity who run manage hundreds. It is a closed to new investors now having made a poorly timed investment decision.
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