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Fidelity Retirement Plans Will Gain Wireless Access

Fidelity Investments of Boston announced last week that its 401(k), 403(b) and 457 retirement plan investors, by the end of the year, will be able to monitor their accounts over the Internet using wireless devices such as cellular phones, hand-held computers, and two-way pagers.

Fidelity retirement investors will be able to conduct transactions within their accounts using such wireless devices beginning in 2001, according to Fidelity.

This past summer, Fidelity began offering retirement account access via wireless devices to investors who also maintained personal brokerage accounts with Fidelity. (MFMN 6/19/00) The capability will now be offered to all of Fidelity's nearly eight million retirement plan investors, Fidelity said. The company also plans to provide additional wireless functions in 2001 such as changing investment options and directing contributions through payroll deductions.

Invesco Funds of Denver made a similar announcement last week offering investors the ability to obtain fund information using Palm Pilots. (MFMN 9/21/00)