Fidelity shells Egg

In a bid to lighten the financial burden Egg still appears to hold over Prudential, Egg will sign around 60,000 customers and around £170m worth of assets under management to Fidelity’s fund supermarket if the deal is approved and completed in Q1 2005. A spokesman for Egg says customers will be given the opportunity to either move to FundsNetwork and see assets managed by Fideliy, or sell their units. Once the deal is signed, all data and investments will be handled by Fidelity, however, consumers will still be able to access all of their investment data alongside other mortgage and s...