Fidelity cuts fees on target-date funds as competition heats up

FIDELITY INVESTMENTS INC. is trimming fees on the target-date index funds it sells to retirement plans. / BLOOMBERG FILE PHOTO/JB REED
FIDELITY INVESTMENTS INC. is trimming fees on the target-date index funds it sells to retirement plans. / BLOOMBERG FILE PHOTO/JB REED
NEW YORK - Fidelity Investments Inc., which has been cutting prices to compete with low-cost rivals such as Vanguard Group and Charles Schwab Corp., is trimming fees on the target-date index funds it sells to retirement plans and rolling out new offerings that combine active and passive strategies. Fees will be reduced to 14 basis points,…

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