Fidelity/Cavendish Query

[Deleted User]

See now thread advising that Fidelity acquired Cavendish Online on 2 October 2020. Existing Cavendish Online customers will stay on same reduced platform fee foe at least 12 months. New customers can no longer use Cavendish as adviser.

bill_on_line

Hello Forum

I have used Cavendish for many years and have investments that are not only with Fidelity.

I have for example a Standard Life Bond, I get a rebate of commission from Cavendish for this of about £200 - £10 fee a year.

Whats happening to the none Fidelity products?

Bill

talexuser

I use Cavendish for a smallish SIPP, only allowed 2k8 a year, and not needing drawdown was about the cheapest available in fees. I guess it might go to 0.35% in 12 months, which will only make a small difference, maybe savings might be 10s of £s a year compared to iWeb or changing fund to Vanguard.

Albermarle

bill_on_line said:

Hello Forum

I have used Cavendish for many years and have investments that are not only with Fidelity.

I have for example a Standard Life Bond, I get a rebate of commission from Cavendish for this of about £200 - £10 fee a year.

Whats happening to the none Fidelity products?

Bill

There is a Q&A section on Cavendish website and one of the questions is on this topic. 

Joe9090

Albermarle said:

bill_on_line said:

Hello Forum

I have used Cavendish for many years and have investments that are not only with Fidelity.

I have for example a Standard Life Bond, I get a rebate of commission from Cavendish for this of about £200 - £10 fee a year.

Whats happening to the none Fidelity products?

Bill

There is a Q&A section on Cavendish website and one of the questions is on this topic. 

It took me a while to find it ........ https://www.cavendishonline.co.uk/fidelitysale

Albermarle

I think there is two similar threads getting mixed up .
Anyway the last  answer/post from the other one might be of interest.
https://forums.moneysavingexpert.com/discussion/6197995/cavendish-online-acquired-by-fidelity#latest