Advisers using Fidelity FundsNetwork can now take advantage of a newly launched online switching service for the FundsNetwork SIPP, onshore Investment Bond and International Bond clients, as well as an upgraded Morningstar X-Ray Service.
The two developments form a series of ongoing enhancements being made to the platform and online portfolio management services.
FundsNetwork is now one of the few providers in the platform as well as the life and pension space to offer an online switching service for its SIPP, Onshore and International Bond. Switches can be made between funds and to the online cash account at no extra cost. As switches are processed straight through, there is no longer any need for a wet signature, which means it cuts out paper work, reduced errors and processes switches more quickly.
The Morningstar X-Ray Service has always been popular with advisers, averaging around 20,000 users a month. Following a consultation period with advisers, a number of enhancements have been made which include:
- More detailed portfolio information - such as portfolio performance history, historic returns and detailed return analysis;
- Fully integrated - across the full FundsNetwork product range including the recently launched International Bond;
- Flexible statement options- with online statement and valuation allowing advisers to print off a statement providing detailed analysis.
Rob Fisher, Head of Sales & Marketing Fidelity FundsNetwork said: "We are continually looking to improve the various services and wrappers we offer. Providing free online switching in the SIPP, Onshore and International Bond cuts out paper work, reduces errors and generally just makes the whole process much quicker. All three wrappers are proving to be highly popular and many advisers will find this new enhancement makes a real difference to day to day management of them.
"The Morningstar X-Ray Service has always been very popular with advisers. The new functionality will make a big impact on the day to day work of advisers, particularly because it is their feedback and suggestions which have driven the changes - the service is now even more attuned to their needs."
Fidelity International Limited ("FIL") and its subsidiary companies serve the major markets of the world by providing investment products and services to individuals and institutional investors outside the US. The FIL Organisation manages a total of £145.0 billion of assets*.