Fidelity to invest £250m in UK platform in bid to dominate distribution

The group is launching a series of initiatives to transform the way its platform operates. This includes a new fund manager-focused programme called Access which will see the platform work more closely with participating asset managers to promote their products to its customers globally. The Access programme will provide enhanced marketing and relationship support in exchange for access to the lowest cost share classes available. Groups which join will be able to get closer to end users, benefiting from Fidelity's 1.1m-strong retail investor base in the UK and the 10,000 advisers usin...