FIDELITY INTERNATIONAL ACQUIRES CAVENDISH ONLINE INVESTMENTS LTD

Fidelity International today announces its acquisition of Cavendish Online Investments Ltd, which will form part of its Personal Investing platform.

As customers of Fidelity Personal Investing, Cavendish Online investors will benefit from having access to the full capability of its investment and pension platform, including its entire range of funds, shares, investment trusts and exchange-traded funds which can be held in an ISA, SIPP or Investment Account.

They will also benefit from an expanded range of features, especially for pensions. Share dealing customers will now be able to receive live quotes and online share dealing in Fidelity’s SIPP. Customers will also retain their current platform charges for at least 12 months from the transaction date*.

Cavendish Online’s investment platform is currently powered by Fidelity’s FundsNetwork platform, meaning that customers will not have to transfer assets from one platform to another and they will not experience any time out of the market. Furthermore, their account details will remain the same.

Cavendish customers will also have access to Fidelity’s online guidance services, its range of investment tools as well as market news, daily insights and in-depth analysis to stay up to date with the latest investment news. Furthermore, they will be able to download Fidelity’s free iOS and Android apps to check their investments on the go.

Stuart Welch, Global Head of Personal Investing and Advisory, Fidelity International, said: “I want to warmly welcome Cavendish customers to Fidelity Personal Investing’s platform and I hope they will enjoy the enhanced benefits of our service. With our shared beliefs and values, this acquisition really felt like a natural fit as Fidelity’s FundsNetwork platform was already powering their investments, so I am confident this will be a straightforward transition for Cavendish customers.

“Using Fidelity’s Personal Investing platform is easy, clear and simple. It is designed to help investors achieve their long-term financial goals, through a range of investment propositions and services designed to provide guidance and support at every stage of their journey. The Wealth and retirement planning services we offer will provide further support and peace of mind for those investors with larger portfolios or more challenging decisions ahead and our guidance service and tools will help those who want to know how to make the most of their retirement savings and investments.”

Ian Williams, Managing Director of Cavendish Online Investments Ltd, said: “Cavendish customers will continue to enjoy the benefits of investing in stocks and shares ISAs, investment and pensions powered by the full capability of Fidelity’s investment and pension platform. Fidelity provides excellent service and value and is very well placed to administer their investments for the long term.”


Notes to Editors:

*0.25% per annum for accounts valued at less than £200,000 and 0.20% for accounts valued at more than £200,000

For further information, please contact: Emma Beresford, 0203 986 2004 / 07730 594806 / emma.beresford@fil.com Jeena Riggall, 07961 147 520 / jeena.riggall@fil.com

About Fidelity International

Fidelity International offers investment solutions and services and retirement expertise to more than 2.5 million customers globally. As a privately held, purpose-driven company with a 50-year heritage, we think generationally and invest for the long term. Operating in more than 25 countries and with $565.7 billion in total assets, our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals.

Our Workplace & Personal Financial Health business provides individuals, advisers and employers with access to world-class investment choices, third-party solutions, administration services and pension guidance. Together with our Investment Solutions & Services business, we invest $437billion on behalf of our clients. By combining our asset management expertise with our solutions for workplace and personal investing, we work together to build better financial futures. Data as at 30 June 2020. Read more at fidelityinternational.com

Fidelity only offers information on products and services and does not provide investment advice based on individual circumstances, other than when specifically stipulated by an appropriately authorised firm, in a formal communication with the client.

Fidelity International refers to the group of companies which form the global investment management organisation that provides information on products and services in designated jurisdictions outside of North America. This communication is not directed at and must not be acted upon by persons inside the United States and is otherwise only directed at persons residing in jurisdictions where the relevant funds are authorised for distribution or where no such authorisation is required.

Unless otherwise stated all products and services are provided by Fidelity International, and all views expressed are those of Fidelity International. Fidelity, Fidelity International, the Fidelity International logo and F symbol are registered trademarks of FIL Limited.

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