Fidelity's DC business achieves record year

Assets rose from £3.4bn in 2006 to £4.2bn while members in Fidelity-administered DC schemes rose from 109,000 to 137,000. Julian Webb, executive director of DC business development at Fidelity International, attributes the increase to winning large mandates and extending the provider’s reach into the consultant and IFA corporate pensions market in the fourth quarter of last year. He says clients like Fidelity’s full service range, which offers them in-house administration, the opportunity to have all DC services under one roof with one point of contact, and potential savings. He says: “W...