Fidelity ISA Income cash Asset

thumshie

What exactly is this Holding??

I don't actively manage this, but did notice my number of holdings go from 18 to 17, when i checked closer, last month this account appeared in the print offs I do of current holdings(not there april, not there now and not much it it..). I only have one account which pays out income, could it be this?? If so I've not received the cheque and never have had one from fidelity....

I was considering moving this to H+L, but after filling out the transfer and posting, i got a letter back saying they charge £25 to release my isa, or i could transfer the holdings by converting to cash and rebuying(which would allow me to review my holdings). What would people suggest?? any rough ideas on how much -%- is lost by selling and rebuying?

barak

thumshie wrote: »

What exactly is this Holding?

Fidelity have a habit of leaving small amounts of cash lying around uninvested - in my case apparently interest on cash following investments phased over six months. If you phone them, they should explain and let you decide where you want the cash invested.

I assume your funds are held within Fidelity Funds Network supermarket. Can't really comment on whether you should move them. I find FFN very convenient and easy to use online and you can still [generally] use your preferred IFA/Discount Broker. I now have a large enough portfolio to make it worth using Intelligent Money to get back all available initial and annual renewal commission for an annual fee. Note that a few managers don't pay annual renewal commission in all circumstances.

See http://www.moneysavingexpert.com/savings/isa-discounts