Fidelity pension

Find out about the Fidelity SIPP, what you can invest in one and how much it costs.

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Fidelity
Investment provider Fidelity offers a pension to help you save up for your retirement. The Fidelity pension is a self invested personal pension, which means that you choose what you want to invest in to achieve your goals.

What can I invest in a Fidelity SIPP?

When you open a SIPP with Fidelity you get three options:

  • Navigator. You can let Fidelity know what matters to you when investing and it’ll give you some things to consider.
  • Select 50. You can browse through Fidelity’s expert picks.
  • Investment finder. This is a nifty tool that lets you search through the investments available and filter them for what you want.

What assets are available to invest in?

You can invest in shares, funds, exchange-traded funds (ETFs) and investment trusts in a Fidelity pension.

Shares

Shares are little slices of a company. It’s like slicing a pie between a load of other people. By buying shares, you’re getting a little slice of that pie. Buying shares makes you a shareholder of the company that you buy into.

Funds

Funds are basically a collection of investments. They pool together money from a bunch of different people and A fund manager then invests on your behalf in different things, like shares, bonds or property.

The decisions the fund manager makes depends on the fund objective.

What's a fund objective?

A fund objective is pretty much exactly what it sounds like. All funds have an objective, which is what they’re trying to achieve. This is sometimes determined by the amount of risk you take on when investing in the fund and how much time you plan to invest for. The objective is what helps guide the investment manager to make investment decisions.

ETFs

Exchange traded funds (ETFs) are a type of fund. They are passive, which means they usually follow a specific index.. They are traded on the stock market like stocks. We have a handy guide if you want to know more.

Investment trusts

Investment trusts are another type of fund, this time set up as companies. Like ETFs, they can be bought and sold on the stock market.

Fidelity pension costs

There are a couple of different fees that come with your SIPP, an annual service fee and, if applicable, a share dealing fee.

Annual service fee

Fidelity has a relatively simple fee structure.

Investment valueAnnual chargeAdditional information
Less than £7,5000.35%If you don’t have a regular savings plan, this is £45 per year
Between £7,500 and £250,0000.35%
Between £250,000 and £1 million0.20%
More than £1 million0.20%The first £1 million costs 0.20%, anything beyond this will have no service fee. The maximum you’ll pay for your investments is £2,000 per year.

Share dealing charges

When you buy or sell an asset with Fidelity, there’s a charge deducted for the amount. You may also be charged stamp duty on your investments.

What it’s forCharge
Deals as part of a regular savings plan or for reinvestment of income or a dividend.£1.50
For deals placed online. £10
Phone trades£30
Stamp duty for UK shares0.5%
Stamp duty for Irish shares0.1%

Compare pension providers

Data updated regularly
Name Product Minimum investment Choose from Annual fee Brand description
Interactive Investor Pension
Any lump sum or £25 a month
Over 3,000 funds
£10/month
interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. Capital at risk.
Moneyfarm Pension
£1,500 (initial investment)
7 funds
0.35%-0.75%
Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. Capital at risk.
AJ Bell Pension
£1,000
Over 2,000 funds
0.05-0.25%
AJ Bell has two different pension options, a self managed pension and one that is managed for you. Capital at risk.
PensionBee Pension
No minimum
7 funds
0.5% - 0.95%
Pension Bee is a newbie in the pension market. It helps consolidate your pension plans into one place. Capital at risk.
Hargreaves Lansdown Pension
£100 or £25 a month
2,500 funds
0-0.45%
Hargreaves Lansdown is the UK's biggest wealth manager. It's got three different retirement options. Capital at risk.
Saxo Markets Pension
Saxo Markets Pension
£10
Over 11,000 funds
No annual fee
Saxo Markets gives flexibility and control over your investment strategy. Capital at risk.
Penfold
Penfold
No minimum
4 portfolios
0.75-0.88%
Moneybox Pension
£1
3 funds
0.15% - 0.45% charged monthly
Manage your money with an easy-to-use Moneybox app. Capital at risk.
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Compare up to 4 providers

Data updated regularly
Name Product Price per trade Frequent trader rate Platform fees Brand description
Fineco
UK: £2.95
US: $3.95
EU: €3.95
UK: £2.95
US: $3.95
EU: €3.95
£0
Your first 100 trades are free with Fineco (T&Cs apply)
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. The minimum deposit with Fineco is £0. Capital at risk.
eToro Free Stocks
£0
£0
£0
0% commission but other fees may apply.
Capital at risk. 0% commission but other fees may apply. The minimum deposit with eToro is $1,000 (£710).
Hargreaves Lansdown Fund and Share Account
£11.95
£5.95
No fees
Hargreaves Lansdown is the UK's number one platform for private investors, with the depth of features you'd expect from an established platform. The minimum deposit with HL is £1. Capital at risk.
Degiro Share Dealing
UK: £1.75 + 0.014% (max £5)
US: €0.50 + $0.004 per share
UK: £1.75 + 0.014% (max £5)
US: €0.50 + $0.004 per share
Portfolio transfer fees (in & out)
Degiro is widely seen as one of the best low-cost share brokers, for people who are looking to trade regularly. The minimum deposit with Degiro is £0. Capital at risk.
interactive investor Trading Account
£7.99 (with one free trade per month)
£7.99 (with one free trade per month)
£9.99 per month
Open an ISA, Trading Account or SIPP you will get £100 of free trades to buy or sell any investment (new customers only).
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. The minimum deposit with ii is £0. Capital at risk.
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Compare up to 4 providers

Data updated regularly
Name Product Minimum deposit Maximum annual fee Price per trade Brand description
interactive investor Stocks and Shares ISA
Any lump sum or £25 a month
£119.88
£7.99
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
Moneyfarm stocks and shares ISA
£1500
0.75%
£0
Moneyfarm helps you meet your investment goals with fully-managed portfolios designed around you. Capital at risk.
Hargreaves Lansdown Stocks and Shares ISA
£100
0.45%
£11.95
Hargreaves Lansdown is the UK's biggest wealth manager. It's got everything you'll need, from beginners to experienced investors. Capital at risk.
Nutmeg stocks and shares ISA
£100
0.75%
£0
Nutmeg offers three types of portfolios. Choose the one that goes with your investment style. Capital at risk.
Saxo Markets stocks and shares ISA
No minimum deposit requirement
0.12%
£8.00
Saxo Markets offers a wide access to a range of stocks, ETFs and funds. Capital at risk.
AJ Bell stocks and shares ISA
£500
0.25%
£9.95
AJ Bell is a good all-rounder for people who to choose between shares, funds, ISAs and pensions. Capital at risk.
Fidelity stocks and shares ISA
£1000 or a regular savings plan from £50
0.35%
£10.00
Fidelity is another good all-rounder, offering a good package at a decent price. Not suited for trading shares. Capital at risk.
Legal & General stocks and shares ISA
Legal & General stocks and shares ISA
£100 or £20 a month
0.61%
N/A
Legal & General is a big financial services company which offers insurance, lifetime mortgage, pensions and stocks and shares ISAs. Capital at risk.
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Compare up to 4 providers

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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