UK platform wars follow MiFID II, Consumer Duty rules, as Fidelity restricts fund of ITs

Kathleen Gallagher
clock • 3 min read

Fidelity platform Fidelity International has restricted investment into the Premier Miton Worldwide Opportunities fund, a fund of investments trusts, after a change to cost disclosure guidance meant the charges exceeded 2.5%, the platform's unofficial ongoing cap, reports International Investment sister site Investment Week.  On 30 June 2022, Fidelity International decided to restrict new investments in fund, because it was "in the best interests of our customers," according to a statement on its website. Investors are still able to redeem existing holdings in the fund either by selling ...

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