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Pension Trustee, Company, Charity and Trust Accounts

Most of our services for private client accounts are available for these types of business. Unlike traditional trustee investments, where fund choice is limited, we offer over 7,000 investment options from more than 300 providers. Online switching is available, along with consolidated valuations, short settlement periods and you have the ability to make unlimited regular contributions.

Migration of accounts to our main administration system

From February 2024 we will begin to move Company and Trust accounts to our main administration system, and we will be aligning our capability and operating model with that currently available to personally held accounts. To see what benefits this will bring to you and your clients, and to view videos demonstrating the new capability, please see: Company and Trust Accounts move to our main administration system.

About our accounts

Trust accounts will be set up in the name of the Trust, and the Trustees will be set up as Trustee Owners on the account. Trust accounts incur the same charges as our Investment Accounts

Provided we have the appropriate verifications and authorisations, we can accept payments from, and make payments to, trust bank accounts. We can also make income and capital payments to beneficiaries. If a solicitor is acting for a trust in a professional capacity, we can manage payments through their firm's client account.

If you are considering one of the trust deeds we offer, please be sure to check it is suitable for the client. The trust deeds and other documentation can be viewed below.

If you would like to talk to one of our specialists about our trustee investments, please email us with a brief explanation of your enquiry and we will be in touch as soon as we can.

Before you open an account

We’ve produced a guide that provides you with an overview of the process for setting up accounts for UK-based Pension Trustee, Company, Charity and trust investments with us. The guide includes the following sections:
 

  • A checklist when preparing the application

  • Example scenarios of setting up accounts

  • Information around submitting the application

  • Common reasons for delays

  • Certification requirements

  • Managing the accounts

  • Details on changing trustees

If your application includes any of the following features, please contact us for further information as it is likely we will require additional documentation:

  • Investment in a private trust of £4m or more
  • Newly established entities where information may not be available on public sources, such as Companies House


‘How to’ videos

In addition to the above guide, you can also watch bite-sized recorded webinars that showcase how to perform some commonly-performed tasks on our website - ‘How to’ videos (fidelity.co.uk)
 

What happens when we move accounts to the new system

Before we move the account to the new system, we will convert any remaining holdings in bundled funds to clean share classes where a clean share class exists. 

Over the weekend of the migration, you will not be able to instruct changes to the accounts being migrated. Any accounts with in-flight transactions will be excluded from the migration and will be migrated at a later date. 

You can always tell if an account has been migrated by looking at the account information report available from Reporting Services. 

In column H (“Platform”) accounts moved to the main system will be shown as “New”; accounts yet to be moved will be shown as “Old”. Migrated accounts will also have the migration date shown in column J (“MigrationDate”). 

For more detailed information, please click here to view the Q&As. 

Application forms and account opening information

Opening a Pension Trustee Account

UK-registered Pension Trusts can utilise our wide fund range to make investments while the trustees retain all scheme administrative functions. In addition, Pension Trusts can access valuable services through our platform, such as holding multiple member accounts with easy to reference designations. If the pension is an occupational scheme, such as a SSAS, the account will be set up in the name of the Scheme, and the Trustees will be linked to the account.  For personal pension schemes, we set up in the name of the trustee with any corporate trustee as primary owner.

Please contact us before you submit an application – if we already have a relationship with your client's pension company, this may mean there is a different account-opening process.

We require the following documentation to set up an account:

  • A Pension Trustee application form, in the names of all the trustees

  • The establishing Trust Deed for the Scheme.

  • If the member is a trustee, the Supplemental Deed appointing the individual as trustee and verification for that individual

  • PSTR certificate or print-screen from HMRC website showing PSTR information or pension scheme annual return.

If there is a corporate trustee, we also require:

  • The names and DOBs of all directors and Chairperson/CEO/CFO. We need the name and position of the people who sign the application form and will cross reference authority to act. This information can be sent by letter on company letterhead.

  • Verification for shareholders who own more that 25%. Where there is no shareholder with more that 25%, we need to verify the Senior Management Officials for the company, a list of names can be sent by letter on company letterhead with standard AML evidence for each.

  • A board resolution or equivalent detailing the powers/authority of each of the authorised signatories. We additionally need a signatory list with names and specimen signatures. For some companies, this could be the same document, either a board resolution or signatory list, but must fulfil both requirements: specific powers/authority and specimen signatures.

  • Payment from the scheme bank account (we cannot accept payment from any other source). We can accept cheques or completed Telegraphic Transfer forms for electronic payments; we will contact you with our bank details on receipt of the application (please do not transfer a payment to us beforehand).

  • Investing in reportable assets: For accounts held for a personal pension we need nationality details for the beneficiary if they are an account holder or the LEI for the scheme. For accounts held for an occupational pension we need the scheme’s LEI.

  • The names and DOBs of all directors and Chairperson/CEO/CFO.

  • We need the name and position of the people who sign the application.


Application forms for opening an account

You’ll find all application forms relating to Trust Accounts below. If you are sending payments to us electronically via bank transfer, applications can be submitted to us via our Upload & Send service or alternatively posted.

*Occupational Schemes or pensions with multiple trustees will be migrated to our main administration system from 19th January 2025.  From this date, please use the new applications for new accounts and migrated accounts. Other Personal pension trust accounts have previously been scheduled for migration should predominantly be migrated and using the new forms. New accounts will be opened on our main administration system from the 13th January 2025.

Unmigrated accounts can continue to use the unmigrated accounts forms.

Application form usage 

Unmigrated accounts - application form  

*New accounts and migrated accounts - application form 

  • Open a new Pension Trustee Account via Lump Sum or Regular Payments (Occupational Scheme / SSAS)

N/A

Personal Pension Trust Application Form (inc. SIPP & SSAS)

  • Open a new Personal Pension Trustee Account via Lump Sum or Regular Payments

N/A

Personal Pension Trust Application Form

  • Set up regular payments for an existing Pension Trustee Account 

Personal Pension Trust Application Form (inc. SIPP & SSAS)

Regular Savings Plan Form (Company, Charity and Pension Trust accounts)

  • Top up an existing Pension Trustee Account via lump sum 

Pension trustee top up form

Top up Form for Company, Charity and Pension Trust accounts

  • An entity self-certification form is required under the UK’s Automatic Exchange of Information regulations for new corporate trustees 

Entity self-certification form 

For new accounts this is included in the application form 

  • Send payments to Fidelity via bank transfer for a new or existing Pension Trustee Account  

manual-payment-form-for-bank-transfers.pdf

We will contact you to request a payment as soon as the account has been set up

  • Open a new Pension Trustee Account or add to an existing account by re-registering assets from another provider  

(If you are opening a new account, you will also need to complete the Pension Trustee application form)

Corporate re-registration application form

Re-registration for Company, Charity and Pension Trust

Corporate re-registration letter of authority

Re-registration - Letter of Authority (Company, Charity and Pension Trust)


Other useful applications

Application form usage

Unmigrated accounts - application form  

*New accounts and migrated accounts - application form 

  • Cash Management Account (CMA) - deposit cash into or withdraw cash from an existing CMA

N/A 

Dealing on your Cash Management Account (CMA)

  • Income Form for Private Trusts - set up a new bank account for income payments and/or choose income treatment (paid to cash, reinvested or paid to bank account)

N/A 

Income Form for Companies, Charities and Pension Trusts

Once a bank account has been set up, income treatment can be managed online. 

  • Regular Withdrawal Plan Form (Trust Accounts) - set up, amend or cancel a regular withdrawal plan for your account

N/A 

Regular Withdrawal Plan Form (Company, Charity and Trust Accounts)

  • Sell Form for Private Trusts - sell investments held in an account and send payment to a bank account

N/A 

Sell Form for Companies, Charities and Pension Trusts

A pre-populated sell form can also be generated online through the sell journey.

Opening a Company Account

You can establish UK-based company accounts through us. This section is based on a private limited company with share capital. The account will be set up in the name of the company. Instructions should be signed by the authorised signatories of the company.

We require the following documentation to set up an account:

  • A company application form signed by two authorised signatories

  • The names and DOBs of all directors and Chairperson/CEO/CFO. The name and position of the people who sign the application form. This information can be sent by letter on company letterhead.

  • Verification for shareholders who own more that 25%. Where there is no shareholder with more that 25%, we need to verify the Senior Management Officials for the company, a list of names can be sent by letter on company letterhead with verification for each. 

  • A board resolution or equivalent detailing the powers/authority of each of the authorised signatories. We additionally need a signatory list with names and specimen signatures. For some companies, this could be the same document, either a board resolution or signatory list, but must fulfil both requirements: specific powers/authority and specimen signatures.

  • Payment from the company bank account (we cannot accept payment from any other source). We can accept cheques or you can provide details on the application form to make a bank transfer; we will contact you with our bank details on receipt of the application (please do not transfer a payment to us beforehand).

  • Investing in reportable assets: For company accounts we need the company’s LEI.

Application forms for opening an account

You’ll find all application forms relating to Company Accounts below. If you are sending payments to us electronically via bank transfer, applications can be submitted to us via our Upload & Send service or alternatively posted.

Application form usage 

Unmigrated accounts - application form  

*New accounts and migrated accounts - application form 

  • Open a new Company Account via lump sum or regular payments 

Investment Account for company and schemes 

Company, Charity and Society Application Form 

 

  • Set up regular payments for an existing Company Account 

Investment Account for company and schemes 

Regular Savings Plan Form (Company, Charity and Pension Trust accounts) 

 

  • Top up an existing Company Account via lump sum 

N/A 

Top up Form for Company, Charity and Pension Trust accounts 

  • An entity self-certification form is required under the UK’s Automatic Exchange of Information regulations for Company Accounts 

Entity self-certification form 

For new accounts this is included in the application form 

  • Send payments to Fidelity via bank transfer for a new or existing Company Account  

manual-payment-form-for-bank-transfers.pdf 

 

We will contact you to request a payment as soon as the account has been set up

  • Open a new Company Account or add to an existing account by re-registering assets from another provider  

(If you are opening a new account, you will also need to complete the Investment Account for company and schemes application as well as the Entity Self-Certification Form) 

Corporate re-registration application 

Re-registration for (Company, Charity and Pension Trust)

Corporate re-registration letter of authority 

Re-registration - Letter of Authority (Company, Charity and Pension Trust)


Other useful applications

Application form usage 

Unmigrated accounts - application form  

*New accounts and migrated accounts - application form 

  • Cash Management Account (CMA) - deposit cash into or withdraw cash from an existing CMA 

N/A

Dealing on your Cash Management Account (CMA)

  • Income - set up a new bank account for income payments and/or choose income treatment (paid to cash, reinvested or paid to bank account) 

N/A

Income Form for Companies, Charities and Pension Trusts

Once a bank account has been set up, income treatment can be managed online.

  • Regular withdrawal plan - set up, amend or cancel a regular withdrawal plan for your account

N/A

Regular Withdrawal Plan Form (Company, Charity and Trust Accounts)

  • Sell form - sell investments held in an account and send payment to a bank account

N/A

Sell Form for Companies, Charities and Pension Trusts

A pre-populated sell form can also be generated online through the sell journey.

Opening a Charity Account

We support investments for all UK-based charities registered with their national Charity Commission, whether established by trust or incorporated. Charities can utilise our full fund range while retaining all administrative functions. The account will be set up in the name of the charity. Instructions should be signed by authorised signatories of the charity. Please contact us beforehand so we can provide best guidance on requirements.

We require the following documentation to set up an account:

  • A Company application form (which is also suitable for charity investments), signed by two authorised signatories
  • A certified original governing document (for example, a Trust Deed or Rules)
  • If the charity is incorporated, the Company House registration number
  • Verification for all trustees or officers of the Charity. Where there is a substantial number of trustees or officers (e.g. above 5), we will accept a list of people with day to day operational control signed by one of the trustees or officers and need to verify these individuals. We still need names and DOBs for all trustees or officers.
  • If the Charity is set up as a trust and the settlor is alive, we need to verify them. Also, if there is a significant donor and they are still alive, we need to verify them.
  • If not provided in other documentation, we need the position of the person(s) who sign the application form.
  • A board resolution or equivalent detailing the powers/authority of each of the authorised signatories. We additionally need a signatory list with names and specimen signatures. For some Charities, this could be the same document, either a board resolution or signatory list, but must fulfil both requirements: specific powers/authority and specimen signatures.
  • Payment from the charity’s bank account (we cannot accept payment from any other source). We can accept cheques or you can provide details on the application form to make a bank transfer; we will contact you with our bank details on receipt of the application (please do not transfer a payment to us beforehand).
  • Investing in reportable assets: For charity accounts we need the charity’s LEI.

Application forms for opening an account 

You’ll find all application forms relating to Charity Accounts below. If you are sending payments to us electronically via bank transfer, applications can be submitted to us via our Upload & Send service or alternatively posted.

Application form usage

Unmigrated accounts - application form  

*New accounts and migrated accounts - application form 

  • Open a new Charity Account via lump sum or regular payments

Investment Account for company and schemes 

Company, Charity and Society Application Form

  • Set up regular payments for an existing Charity Account 

Investment Account for company and schemes 

Regular Savings Plan Form (Company, Charity and Pension Trust accounts)

  • Top up an existing Charity Account via lump sum 

N/A

Top up Form for Company, Charity and Pension Trust accounts

  • An entity self-certification form is required under the UK’s Automatic Exchange of Information regulations for Charity Accounts 

Entity self-certification form 

For new accounts this is included in the application form 

  • Send payments to Fidelity via bank transfer for a new or existing Charity Account 

manual-payment-form-for-bank-transfers.pdf 

 

We will contact you to request a payment as soon as the account has been set up 

  • Open a new Charity Account or add to an existing account by re-registering assets from another provider  

(If you are opening a new account, you will also need to complete the Investment Account for company and schemes application as well as the Entity Self-Certification Form

Corporate re-registration application 

Re-registration for Company, Charity and Pension Trust) 

Corporate re-registration letter of authority 

Re-registration - Letter of Authority (Company, Charity and Pension Trust)


Other useful applications

Application form usage 

Unmigrated accounts - application form  

*New accounts and migrated accounts - application form 

  • Cash Management Account (CMA) - deposit cash into or withdraw cash from an existing CMA 

N/A 

Dealing on your Cash Management Account (CMA)

  • Income - set up a new bank account for income payments and/or choose income treatment (paid to cash, reinvested or paid to bank account) 

N/A 

Income Form for Companies, Charities and Pension Trusts

Once a bank account has been set up, income treatment can be managed online.

  • Regular withdrawal plan - set up, amend or cancel a regular withdrawal plan for your account 

N/A 

Regular Withdrawal Plan Form (Company, Charity and Trust Accounts)

  • Sell form - sell investments held in an account and send payment to a bank account

N/A 

Sell Form for Companies, Charities and Pension Trusts

A pre-populated sell form can also be generated online through the sell journey.

Opening a Trust Account

The account will be set up in the name of the Trust, and the Trustees will be set up as Trustee Owners on the account. Professional trustees, such as solicitors, can use their firm's address to ensure trust investments are separate from their own accounts. Trust accounts incur the same charges as our Investment Accounts.

We require the following documentation to set up an account:

  • A trust application form, in the names of all the trustees

  • The Deed which established the trust and names the settlor, beneficiary and any other controllers such as protectors or appointers. Additionally, where there have been changes to trustees, the Deeds showing the changes.

  • For a trust set up by Will, we will need a certified or original copy of the Will and Grant of Probate. Additionally, where there have been changes to trustees, the most up to date Deed naming the current trustees

  • Identification for all trustees, the settlor, appointer or protector and any beneficiary with an absolute entitlement (If there are any difficulties providing this information please contact us for guidance).

  • Individual Self-Certification for all absolutely entitled beneficiaries (including minors). This is completed within the Trust application form and is used to record tax residency information required under the UK’s Automatic Exchange of Information regulations.

  • Payment from the settlor, trustees, a trust bank account or a solicitor’s client account (if acting professionally for the trust). We accept cheques or completed Telegraphic Transfer forms for electronic payments. We will contact you with our bank details on receipt of the application (please do not transfer a payment to us beforehand).

  • Investing in reportable assets: For all bare trust beneficiaries and trustees, we need full name, date of birth, reportable nationality and national identifier. For other trusts we need the trust’s Legal Entity Identifier (LEI).

  • The HMRC Certificate of Registration will be needed unless the Trust is exempt.


Application forms

You’ll find all application forms relating to Trust Accounts below. If you are sending payments to us electronically via bank transfer, applications can be submitted to us via our Upload & Send service or alternatively posted.

*Please note that new accounts will be opened on our main administration system from Monday 13th January 2025. From this date, please use the applications for new accounts and migrated accounts.

Application form usage 

Application form - unmigrated accounts

Application Forms
  • Open a new Trust Account via lump sum or regular payments

  • Set up regular payments for an existing Trust Account 

Use the form in the Application Forms column

Trust Application Form - Investment Account

  • Open a new Bare Trust Account for a child via lump sum or regular payments

  • Set up regular payments for an existing Bare Trust Account  

Use the form in the Application Forms column

Bare Trust Application Form for an Investment Account for a child

  • Top up an existing Trust Account via lumpsum (this can also be used to top up an existing Bare Trust Account for a child) 

Top up form for trust accounts 

 

Use the form for unmigrated accounts

  • To open a Trust Account investing in Fidelity’s offshore range of funds 

(Please contact us before submitting the application as there are specific AML requirements for investing in offshore funds) 

SICAV application form for trust accounts 

Use the Trust or Bare Trust Application form for unmigrated accounts

  • A self-certification form is required under the UK’s Automatic Exchange of Information regulations (existing clients). In most cases, this information is provided within the account opening application form. 

Self-certification form (existing client) 

 

Use the form for unmigrated accounts

  • A self-certification form is required under the UK’s Automatic Exchange of Information regulations (new clients). This is only required where there is a new corporate trustee.

New Entities Self-Certification Form 

 

Use the form for unmigrated accounts

  • Send payments to Fidelity via bank transfer for a new or existing Trust Account

Manual payment form for bank transfers 

 

Use the form for unmigrated accounts

  • Open a new Trust Account or add to an existing account by re-registering assets from another provider  

(If you are opening a new account, you will also need to complete the Trust Application form)

Re-registration (incorporating Switch) 

Use the form for unmigrated accounts

Re-registration letter of authority (Trusts)

Use the form for unmigrated accounts

Change of Trustee

Use the form in the Application Forms column

Change of Trustee

Frequently asked questions

Yes, we offer the option of investing on behalf of a child through a trust. If your client already has a trust, we can set up an Investment Account in the name of the trustees. You can find how to do this in the section above. If your client does not already have a trust, they have the option of setting up an account using our Bare Trust for a child.

Clients also have the option of opening a Junior ISA or a Junior Pension for a child. If the client would prefer to retain ownership of the investments but simply earmark them for a child's benefit, they may prefer to open an Investment Account with a designation that mentions the child.

Yes, please complete the  Change of trustees form.

This is an online process. Please go to ‘Quote and Transact’ within Client Management to switch and rebalance trust investments.

All trustees must sign the instruction. Alternatively, if we have a completed Joint Holder Special Renunciation form   signed by all account holders on record, the instruction can be signed by one trustee.

You can place the sell instruction online and print out a paper form for all the trustees. We will carry out the instruction when we have received the form. We can make the payment to any of the trustees or to the trust bank account. In some cases, we may need to see identification verification documents. We plan to offer an online withdrawal service in the future.

Yes, because trust rules are highly complex and vary from one trust to another, we only accept instructions signed by all the trustees. In some situations – such as when a trustee is too ill to sign – we may be able to make an exception. This will be decided on a case-by-case basis.

Not necessarily. Designations are a way for your clients to personalise their accounts. The question of whether an account is held in trust or not depends on the arrangements it was established under and whether the investments are intended as a gift.

Adviser Fees serviceOnce an account is set up, you can manage all fee payments online, including Adviser Ongoing Fees and Adviser Specified Fees, through our Adviser Fees service.

Yes. You can find out all you need to know about setting up and managing model portfolios and using defined models from Discretionary Fund Managers here.

You can access the account under the companies and trusts account search. You can view the account and place the following deals: Switch, rebalance, sell to pay specified fee, illustration and manage fees. The sell option will produce a manual form which you will need to print, sign and send to us via our Upload & Send service.

Below is a table showing what access is available to trusts, pension trusts and companies/charities:

  Trusts Pension Trusts Company/Charities
Online Access

Trustees can login and view their online account.





 

Individual trustees can login and view their online account. Please note, Trustees must be made co-trustees of the account alongside the pension trustee.

We currently do not offer online access to pension companies.

We currently do not offer online access to Companies.





 

Dealing

Trustees cannot deal and dealing instructions must be completed on the appropriate form and signed by all trustees unless joint renunciation is in place. The forms can then be scanned and sent to us via our  Upload & Send service.

 

Any deal instruction must be completed by the appropriate signatories.

 

All accounts that have migrated to our existing administration system will have access to a Product Cash Account (PCA) and a Cash Management Account (CMA) will be created where relevant (the exceptions are for some pension trust accounts where there is an external pension account manager and for offshore bond accounts held with Canada Life and Utmost).

Those accounts not yet migrated to our existing administration system do not have a cash facility.

Yes, however accounts that have not yet migrated to our existing administration systems can only invest in a limited range of exchange traded assets, such as investment trusts and ETFs, and these deal on a forward pricing basis.

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