Why have a regular savings plan?
Important information - please keep in mind that the value of investments can go down as well as up so you may get back less than you invest. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.
Regular savings for coping with volatility
As a natural part of your investment journey, there will be periods when prices go down as well as up. Investing in the dips means buying into your long-term investment at a lower price and bringing down the average price you have paid across the life of the investment. In financial terms this is known as pound-cost averaging.
The difficult part is deciding when to invest and this relies on timing the low points – something even the pros treat with caution. So investing regular amounts every month helps take the guess work out of it, by helping you catch the high points as well as the low.
Long-term growth potential
Making regular monthly contributions to your investments as part of a savings plan can help them grow into a sizeable sum over the long term, even if you’re only investing a small amount.
Investing smaller sums on a regular basis might also mean you can start investing sooner, giving you time to take advantage of the growth potential of compounding and the markets themselves.
You may be surprised at how much even small amounts can grow to over a number of years. The table below shows how an investment can grow over time, assuming growth of 5%, ongoing charges of 0.75% and a typical service fee of 0.35% a year*.
The below figures are for illustration, the growth rate isn't guaranteed, and you could get back less than you invest.
Monthly payment | 10 years | 15 years | 20 years |
---|---|---|---|
£25 | £ 3,660 | £ 6,088 | £ 9,027 |
£50 | £ 7,321 | £ 12,176 | £ 18,054 |
£100 | £ 14,642 | £ 24,351 | £ 36,108 |
£300 | £ 43,926 | £ 73,054 | £ 108,324 |
*Depends on the amount of money you have invested with us. More information on our service fees and charges.
How to set up a regular savings plan
If you already have an account with us you can set up your regular savings plan online, or you can open an account today and set up your regular savings.
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The Fidelity Select 50 Balanced Fund
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Learn more about volatility
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Market volatility can feel like an investor’s worst nightmare, but if you take a few simple steps to prepare, you can keep a calm head when it arrives.
Learn about diversification
Holding a diverse range of asset classes in line with your goals and risk tolerance will help minimise the impact of one on your portfolio.
Win back the value of your ISA investment in cash- up to £20,000, (the “Prize Draw”).
Terms and Conditions
- The promoter of this offer is Financial Administration Services Limited, 130 Tonbridge Road, Hildenborough, Tonbridge, Kent TN11 9DZ (“Fidelity”).
- To be eligible to enter the prize draw you must be 18 years of age or older and a UK resident. Fidelity employees and its contracted staff are not eligible to enter.
- Entry into the Prize Draw will constitute your acceptance of these terms and conditions. Entry will be automatic when you make a Qualifying Investment (see below).
- If you do not wish to be entered into the prize draw, please call our contact centre on 0333 300 3350 and request to be removed from the draw, after you have made a Qualifying Investment. The contact centre is available between 8am and 6pm, Monday to Friday, and 9am and 2pm on Saturday.
- The prize draw period is from 17 January 2020 to 31 March 2020 (the “Prize Draw Period”). Entries close 31 March at midnight (GMT). The Prize Draw amount will match the lump sum amount invested into a Fidelity 2019/20 ISA during the Prize Draw Period and the prize money will be paid in cash into your bank account.
- Qualifying Investment
* Any lump sum investment made into a 2019/2020 Fidelity ISA during the Prize Draw Period through the Fidelity Personal Investing website: fidelity.co.uk
The following examples, without limitation, will not be Qualifying Investments:
* ISA transfers or re-registrations from other providers
* Investments made through an adviser;
* Investments in the Fidelity Junior ISA;
* Investments via a regular savings plan;
* Investments via Bed and ISA;
* Investments made over the telephone or through a paper application (investments must be made online through the fidelity.co.uk website in order to qualify). - After the Prize Draw Period, the winners will be selected at random. All winners will be drawn after 1 April 2020 and will be notified via post, secure message via their Fidelity online account, or phone, before 30 April 2020. Payment of the prize money will be made within 90 days of the notification. There will be four winners in total.
- Only one entry per person is available. If multiple ISA investments are made during the Prize Draw Period, the first investment in time will qualify for entry to the Prize Draw, and the amount invested at that point will be the prize amount payable.
- The winner's prize money will be paid by BACS to your bank account. If we do not hold a bank mandate on the account, you will need to provide those details to receive the prize. Cheques will not be sent in place of providing bank details.
- Fidelity reserves the right to cancel or amend the prize draw or the rules without notice during the Prize Draw Period. Any cancellation of or changes to the prize draw will be notified to you on the Fidelity website.
- If you withdraw your qualifying investment from your Fidelity ISA, or add an adviser to your account, within a 12-month period from the date of investment, Fidelity reserves the right to reclaim the prize money awarded.
- Fidelity shall not be liable for any loss or damage suffered from entry into the prize draw, acceptance of the prize, any defects, delays or inadequacies in the prize or the arrangements surrounding the prize, or from any event beyond the reasonable control of Fidelity. Fidelity shall not be liable in contract, tort, negligence or otherwise for any direct or indirect consequential loss suffered by an entrant in relation to participation in the prize draw. Nothing in these terms and conditions shall operate to exclude or restrict liability of Fidelity from time to time for death or personal injury resulting from negligence.
- Where relevant, reference in these terms and conditions to the winner includes any person with whom the winner shares the prize.
- In the event of any dispute regarding the rules, conduct, results and all other matters relating to a prize draw, the decision of Fidelity shall be final and no correspondence or discussion shall be entered into.
Data Protection
Any personal information you submit to Fidelity will be maintained in accordance with the UK Data Protection Act 2018 and used in accordance with the Fidelity Privacy Statement. Your personal information will never be disclosed to a third party without your prior consent, however, should you be a winner, your full name and county can be disclosed to anyone who requests this information, unless you inform us that you would like this information to be withheld. Your contact details will only be used to contact you and notify you if you have won a prize.
Your ISA checklist
Make sure you have the following information with you:
- Your National Insurance number
- Debit card details (for a single payment)
- Bank or building society details (if you’re planning on setting up a regular savings plan)
£25 Cashback Offer (“Offer”) - terms and conditions
- The promoter of this Offer is Financial Administration Services Limited (“Fidelity”), Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
- The maximum cashback we’ll pay is £25 per account. For example, if qualifying investments are made in an ISA, SIPP and Investment Account the maximum we would pay is £75 (£25 per account).
- To be eligible for the Offer you must:
a. Make a Qualifying Investment (see Section 4 below) between 9 June 2022 and 12 September 2022, inclusive (“Offer Period”); and
b. Complete and submit the Offer registration form on our website by midnight 12 September 2022. - A Qualifying Investment means one of the following:
a. Any new monthly regular savings plan of £200 or more set up online (through the Fidelity Personal Investing website: fidelity.co.uk) into a new or existing Fidelity ISA, SIPP or Investment Account during the Offer Period.
b. Any single lump sum investment of £2,500 or more set up online (through the Fidelity Personal Investing website: fidelity.co.uk) into a new or existing Fidelity ISA, SIPP or Investment Account during the Offer Period.
If within 12 months of making your investment, you cancel your regular savings plan, move your assets to another provider or withdraw your qualifying lump sum investment leaving less than the £2,500 minimum value required, Fidelity reserves the right to reclaim the £25 payment made to you as part of this Offer. - This Offer excludes:
• Investments made though an adviser; intermediary or Fidelity Adviser solutions (formerly FundsNetwork);
• Investments in a joint Investment Account;
• Investments in the Fidelity Junior ISA and Junior SIPP;
• Investments made via Bed and ISA;
• Investments into an Inheritance ISA (use of additional permitted subscriptions);
• Investments made into a Cash Management Account (CMA), or transfers from a CMA to a new or existing ISA, SIPP or Investment Account.
• Transfers or re-registrations from other providers;
• Transfers between Fidelity products;
• Amendments to the value of existing regular savings plans (i.e. top-ups) - Any personal information you submit to Fidelity will be maintained in accordance with the UK Data
Protection Act 2018 and used in accordance with the Fidelity Privacy Policy. - The £25 cashback payment will be paid to your Cash Management Account within 45 days following closure of the Offer (12 September 2022). The CMA is a separate account in your name that helps manage cash. The cashback can be kept in your CMA for fee collection, withdrawn or moved into whichever Fidelity Personal Investing account you choose. If moved into an ISA or SIPP, it will count towards your annual allowance.
- We will notify you by email, via the email address that you have provided for your Fidelity account, to let you know the cashback has been paid. You can update your personal details by logging into your account online.
- We reserve the right to change or withdraw the Offer at any time during the Offer Period except in relation to any customers who we determine have met both eligibility requirements set out in Section 3.
Issued by Financial Administration Services Limited, which is authorised and regulated in the UK by the Financial Conduct Authority. Fidelity, Fidelity International, the Fidelity International logo and the F symbol are trademarks of FIL Limited.
UKM0522/370886/CSO10938/120922