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Difference between Cavendish and Fidelity

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Jevvers
Jevvers Posts: 650 Forumite
Part of the Furniture 500 Posts Name Dropper Combo Breaker
in Savings & investments
Please could someone explain the difference between using Fidelity on its own and going via Cavendish? I see that there are some good cashback deals on Fidelity at the mo but I don't want to make a longterm decision on the basis of a few hundred quid.

Apols if this has been explained before, I did have a search but couldn't find it.
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  • talexuser
    talexuser Posts: 3,531 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    The Fidelity deal is a one off before end of April, approx saving 0.75% for one year only, and only on your initial sum, not on any later top ups last time I looked.

    Cavendish will rebate 0.5% trail commission every year including all top ups so is a better bargain almost certainly. Ironically Cavendish use the Fidelity platform.
  • JohnRo
    JohnRo Posts: 2,887 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    talexuser wrote: »
    Ironically Cavendish use the Fidelity platform.

    That's not strictly true, the Fidelity online portal via Cavendish is a "Fidelity lite" version and leaves a great deal to be desired in my opinion.
    'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB
  • Jevvers
    Jevvers Posts: 650 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Thanks Talexuser but there is also £100 Quidco cashback for a new ISA and £75 per £10k moved from another investment. We have £60k with L&G so that would be £550 total... which is quite a lot of money!
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    JohnRo wrote: »
    That's not strictly true, the Fidelity online portal via Cavendish is a "Fidelity lite" version and leaves a great deal to be desired in my opinion.

    I always log in through Fidelity unless I want to deal or check a particular fund is available.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • westy22
    westy22 Posts: 1,105 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    grizzly1911 wrote: »
    I always log in through Fidelity unless I want to deal or check a particular fund is available.

    I don't quite follow that - don't you still get presented with the same 'Lite' interface whichever way you log-on? Or are you saying that you have accounts with both Fidelity directly and also through Cavendish?
    Old dog but always delighted to learn new tricks!
  • oldfella
    oldfella Posts: 1,534 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    whats missing in the lite interface ?
  • westy22
    westy22 Posts: 1,105 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The main feature missing is the ability to see the original cost of fund purchases and the accumulated profit amount and %age gain.

    You have to record your individual purchases costs somewhere else (Google or Excel) and then calculate your losses / gains manually.
    Old dog but always delighted to learn new tricks!
  • C_Mababejive
    C_Mababejive Posts: 11,668 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Jevvers wrote: »
    Thanks Talexuser but there is also £100 Quidco cashback for a new ISA and £75 per £10k moved from another investment. We have £60k with L&G so that would be £550 total... which is quite a lot of money!
    Cash back for fidelity or Cavendish...? Is Cavendish a better deal than HL?
    Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..
  • talexuser
    talexuser Posts: 3,531 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Jevvers wrote: »
    Thanks Talexuser but there is also £100 Quidco cashback for a new ISA and £75 per £10k moved from another investment. We have £60k with L&G so that would be £550 total... which is quite a lot of money!

    Naturally it depends on the amount, I thought the half amc only applied to new money, not transfers? In that case I would use them for the lock in period and then change to Cavendish.
  • Jevvers
    Jevvers Posts: 650 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    C_Mababejive wrote: »
    Cash back for fidelity or Cavendish...?
    Fidelity.

    So the only reason for putting Cavendish over Fidelity is the lower fees? It's reason enough, I just want to be clear about my choices.

    Cheers
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