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Fidelity ISA- help please

I have been investing in Fid global special situations and special situations for several years directly through funds supermarket. I am concned about 2 things 1. that these are not the best places to invest anymore and thinking of moving my investment to something 'safer' maybe to standard life global absolute funds 2 about the charges. Am I best to leave my previous years where they are with Fidelity and funds supermarket and then start a new ISA from now on maybe through H&L or cashing in and moving he whole lot? Or maybe just moving to Cavendish and keeping the same just to save some of the charges. I know it is subjective but dont really understand it all so any thoughts appreciated!!:o

Comments

  • psychic_teabag
    psychic_teabag Posts: 2,865 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I'd have thought switching to Cavendish would be simplest : that's just a change-of-agent since Cavendish still uses Fidelity underneath, so it should take very little time, but you immediately start saving on the charges. (Saving more than you would with HL, for example.)

    With the imminent RDR, it's hard to know how expensive the various platforms will be in the future, so now's not the best time to be moving.
  • codetown
    codetown Posts: 685 Forumite
    Could you explain how imminent is the RDR and what consists of?

    I am with Fidelity/Cavendish at present and am about to invest the new tax year allowance...
  • psychic_teabag
    psychic_teabag Posts: 2,865 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Sorry, I'm not really an expert. I believe it's due by (at ?) the end of the year.

    For DIY, the net effect is that platforms will no longer be "bundled" : rather than the platform getting paid from the fund's AMC (about 0.25% of the 1.5% annual fee), you will have to pay the platform explicitly. In return, the fund managers should reduce the AMC on their funds by 0.75%. Or maybe the institutional (cheaper) versions of the funds will become available on the platforms.
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