fidelity

Income investors who have built up savings in cash ISAs over the past decade may wish to consider rolling some of their holdings into Stocks & Shares ISAs, says Fidelity International.

Fidelity Global Special Situations fund manager Jorma Korhonen blames last autumn's financial crisis including the collapse of Lehman Brothers for his portfolio's significant underperformance.

Fidelity will use a covered call derivatives strategy to help target an initial yield of 7.1% on its new Enhanced Income fund, set to launch on 2 February.

Fidelity's managing director of multi-manager Simon Ellis will leave the firm at the end of January.

Anthony Bolton's Fidelity Special Situations successor Sanjeev Shah has increased exposure to banking stocks despite the sector playing a significant role in the worst ever year for the FTSE 100.

Gartmore has confirmed it is to make between 60 and 75 employees redundant as part of a global business review and cost cutting exercise.

Fidelity International is to shed about 300 staff in the UK as part of an anticipated 1,500 redundancies across three parts of the company.

Fidelity International will host a series of volatility workshops for advisers throughout November, at 24 venues nationwide.

Attractive valuations in telecoms and healthcare are presenting absolute value prospects in European equities despite a bleak economic outlook, according to Fidelity.

Fund platforms are now an integral part of many advisers' day to day business. Their ability to bring the fund management industry onto advisers' desktops has proved to be a winning formula.