Fidelity changes to service fees for Junior SIPPs (& ISAs)

Notepad_Phil

Some news from Fidelity that might be of some use to people out there. From September 1st they say they will be removing their service fees from Junior SIPPs and Junior ISAs. Given that their 0.35% service fee was on the higher side of what was available, this might make them more of a destination choice for people looking to invest in this manner for under 18-s.

Cheers

dunstonh

Although it is worth noting that virtually all retail pensions can be used for children. 

Notepad_Phil

dunstonh said:

Although it is worth noting that virtually all retail pensions can be used for children. 

Yes indeed they can, but I thought most other places would charge service/platform fees on top of any fund management fees (or if free then charge higher than normal fund management fees). It was this zero charge that I thought might make it worthwhile for somone.