Fidelity offers investors incentive to review portfolios

Figures from Fidelity International, the UK's leading ISA provider, show that 6 out of 10 investors are currently reviewing their portfolios and a further 28% intend to do so within the next 6 months. Three-quarters of those who have already started their review are looking specifically at their ISA investments and more than a third are reviewing their cash holdings.

With this in mind, Fidelity is offering investors an extra incentive to review their portfolios sooner rather than later. From 6th October 2009 to 30th November 2009, investors who review their portfolios with their financial adviser and, as a result, choose to transfer their existing ISA(s) into a Fidelity fund will receive up to £300 depending on how much they transfer (terms and conditions will apply). The minimum eligible investment to qualify for this offer is £5,000 which will generate cash back of £15. This will be paid directly to the investor.

In addition, people choosing to make a new ISA investment into a Fidelity fund via their financial adviser, will be eligible for the same cash back incentive. Existing investors in Fidelity funds who want to top up their 2009/10 ISA will also be able to benefit from this offer, with a minimum top-up of £3,000.

Peter Hicks, Head of UK Retail Sales at Fidelity International, says: "The market downturn and subsequent bounce may have resulted in portfolios having become out of line, hence clients are keen to review - which is good news as I think getting clients to review their portfolio is one of the adviser's constant battles.

"We hope that these incentives will encourage investors to sit down with their financial adviser and review their investment portfolios sooner rather than later - to ensure their portfolio is sufficiently diversified, check the asset allocation and make changes if advised to do so."

Campaign Details

Investors receive a £3 'cashback' payment on every £1,000 transferred or invested into Fidelity funds via a Fidelity ISA

The minimum eligible investment to qualify for the offer is £5,000 for new investors and £3,000 for people topping up their existing 2009/10 ISAs.

There is no maximum amount that can be transferred or invested but the offer is subject to a maximum of £300 payout and restricted to one per customer.

The cash back offer is only for investments in Fidelity Funds and excludes Fund Partner ISAs, ShareNetwork ISAs, ISA deals into ISA Cashpark, MoneyBuilder UK Index and MoneyBuilder Cash ISA, Investment Trust ISA's and switches.

The offer is only eligible for lump-sum deals or transfers.

The offer applies to all previous year ISA's that are transferred to Fidelity, initial investments into 09/10 tax year ISA's or top ups to the 09/10 tax year ISA.

The campaign which is open to new and existing Fidelity ISA holders from 6th October 2009, will run until 30th November 2009

The ‘cash back' is paid directly to the customer