Legal and General Isa Transfer to Fidelity

Important: If you reside in a country other than one of the countries listed above, we are not authorized to write to you about the transfer of investments to Fidelity. Please contact us to find out if you are one of these customers. December 2021: Please note that the transfer of management of our personal investment business to Fidelity has been completed. You may be affected by this transfer if you invested with Legal & General before December 4, 2021. All investments from affected customers have now been transferred. You can always contact us if you have any questions about the transfer or if you need details about historical transactions made during your stay as a legal and general client. Yes, Fidelity can arrange for the transfer of your investments. Please contact them directly on 0800 358 0751 to make a request. «Once this transfer is completed, clients will have the benefit of investing in Isas stocks and investment accounts backed by the full power of Fidelity`s investment and retirement platform and chosen LGIM investment expertise, which will not be affected.» From the date of transfer, Fidelity will manage your investments, including the cash available to you. If your principal residence is abroad, certain restrictions will apply after you transfer your investments to Fidelity.

At the time, LGIM said the transaction offered clients the «best of Fidelity`s big administration» in addition to «the LGIM investment expertise they have chosen,» while Fidelity promised that clients transferred to its platform would pay as much or less than LGIM. Please note that this helpline is reserved for questions regarding the proposed transfer to Fidelity. If you have any questions other than the proposed transfer, please contact the customer service team as usual (see contact details in your previous correspondence or contact us here. The online consent portal is now closed and clients can no longer consent to the transfer. Certainly, there will be no change to the fees you pay now that your products are managed by Fidelity. The Fidelity International spokesperson said: «Most LGIM clients who switch to Fidelity Personal Investing pay the same or less from the day they join us. In addition, the small balance does not pay more than what they paid to LGIM for at least 12 months from the date they switched to Fidelity. «If you held a legal and general ISA offering and did not respond to our communications regarding the transfer to Fidelity, the transfer was transferred to Fidelity, unless you specifically contacted us to opt out of the transfer. This was explained in the communications we sent to you and, in particular, in the last information package we sent you, which included details on Fidelity`s transfer date and expectations after the transfer.

The transaction includes £5.8 billion of assets under management held in Individual Savings Accounts (Isas), Junior ISAs and General Investment Products invested in Legal & General Investment Management (LGIM) funds. Depending on the type of investment you held, we could have transferred it to Fidelity even if you did not respond to our communications. If you did not respond to the communications we sent you and you held some investments in an ISA but others in an investment account, your ISA may have been transferred to Fidelity, but your investment account remained with Legal & General. If you now wish to transfer your investment account to Fidelity, please contact Fidelity and they can arrange this for you. After a deliberate process, we chose Fidelity because it aims to provide an excellent investment experience for our clients, and we are confident that your investments will be in good hands once transferred to Fidelity. Please refer to Fidelity`s Client Brochure. If your investments have been transferred to Fidelity, we recommend that you retain all communications we have sent you, as well as your other relevant documents, so that you can refer to changes to your investments in the future. The transfer of all interests in Fidelity held by our affected clients was completed on December 4, 2021.

If you invested with Legal & General before this date, you may be affected by this transfer. If your investments have not been transferred to Fidelity, we will contact you again in the coming months to inform you of any service restrictions or if we need to make material changes to your terms and conditions. We will also confirm your options in the future. If you have any questions about the proposed transfer to Fidelity, please call our helpline: No, the management of our personal investment activities has been transferred to Fidelity and therefore we do not accept wire transfers. If you are currently investing in Legal & General, the proposed transfer will not affect the management of these underlying funds, which will continue to be managed by Legal & General after the transfer.