Fidelity FundsNetwork has reported that it will waive all core self invested personal pension plans administration charges for IFAs who make pre-retirement investments into platform mutual funds within the SIPP of GBP150,000.

Fidelity FundsNetwork has reported that the offer will be valid from February 4, 2008 to May 2, 2008.

David Dalton-Brown, head of Fidelity FundsNetwork, said: This is a ground breaking move from FundsNetwork – a SIPP generally available to IFAs which is free from any pension charges for clients in the pre-retirement phases. With the run up to the end of the tax year in sight, this is an outstanding offer. Based on a 25 year plan, these special terms represent a potential cost saving of around GBP13,000 for the client.