BOSTON - Fidelity Investment said it would discontinue the annual maintenance fee on individual retirement accounts with balances of $5,000 or more.

The move is a bid to increase the company's share of the retirement-savings market and attract funds being rolled over from pension plans.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.