Not all funds have a commission-free equivalent.
See the funds with no clean share class equivalent
Find out more on how Fidelity's conversion process may affect you and your clients
View more information on Fidelity's conversions
Please make sure you keep an eye on the opening times for our Adviser Support Team.
Find out our opening times here
View details of recent and upcoming Corporate Actions
View the latest Corporate Actions here
We're now managing the conversion process for your clients who still hold commission-included share class funds, and over the next few months the majority of these funds will be converted to their clean equivalent.
However some funds don't currently have a commission-free share class version, or, don't have a direct commission-free equivalent but do have a clean equivalent with a different income option. Where no clean equivalent is available, your client will not be able to make any new investments into this fund.
We'll therefore be writing to all of your clients that still hold these funds in February 2016 to explain what will happen next. During this time, you may wish to speak to your clients about alternate funds available to them.
You can read more on the specific funds affected.
To comply with the Sunset regulations, Fidelity have started to bulk convert any commission-included funds to their clean equivalent. This conversion process is expected to be completed by the middle of December.
While these conversions are being processed, you and your clients may experience the following:
To avoid these delays we suggest you wait until the third week of December to submit your instructions.
During this period, any instructions we do receive to re-register or transfer out of these funds will be rejected, but will be retained so that they can be completed after their conversion process is finished.
Please note that this does not affect our own Sunset conversion schedule.
With the holiday season fast approaching, please keep an eye on the opening times for our Adviser Support Team.
Cofunds Limited is authorised and regulated by the Financial Conduct Authority FCA Registration No 194734.
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