A free pension wrapper for life - special offer extended

Fidelity International has extended the special offer on its Personal Pension until 30 April 2008 in the face of strong demand.

Investors who save into the Fidelity Personal Pension up to the 30 April 2008 will pay no set-up fee and no annual administration charge for the life of the plan.

The Fidelity Personal Pension, a streamlined version of the FundsNetwork SIPP provided by Standard Life, enables investors who like to make their own investment decisions without taking financial advice, to channel their retirement savings into a choice of more than 1,000 mutual funds from over 55 fund providers.

Gordon Hull, Head of Direct, Fidelity International comments: “We have had interest from thousands of investors since we launched our special offer seven weeks ago. From what we’ve seen, many investors are seeking to 'upgrade' their pensions by transferring existing personal pensions to the Fidelity Personal Pension which is one of the lowest cost pensions in the market.

“So to accommodate demand, we have extended the offer period to give more investors the opportunity to take advantage of what is effectively a free pension wrapper for the life of the plan.”

Applications received up to 30 April 2008 will be on the following terms:

No set-up fee
No annual administration fee for the life of this version of the SIPP

The investment companies which run the funds chosen by the investor will continue to apply their usual annual management charges.

Minimum investment is £10,000 for lump sum or transfer, and £300 per month or £3000 per year for regular contributions. These figures include basic rate tax relief. Investors can call 0800 085 0923 for a personalised illustration of what their pension could give them in retirement.