fidelity

Data on UK wealth and questions over the performance of equities markets moving forward are raising spectres suggesting IFAs could see more business than ever walking in the door, but with greater demands on 'proper' asset allocation.

Almost half of those approaching retirement expect to supplement their pension income from other forms of savings, research from Fidelity suggests.

The CBI will today urge the government to target nearly £1bn of support at small firms to help with the burdens imposed by the pensions white paper proposals which are aimed at encouraging more people to save for their retirement, reports the Guardian....

Globalisation today means the selection of equities seen as originating in one country may no longer be reflective of where the firm conducts most of its business.

People who take financial advice about pensions enjoy a better standard of living in retirement, according to Fidelity International.

A hybrid scheme which might include financial advice has been put forward by Fidelity International as an alternative to the government's proposed personal accounts.

The concept of ‘direct offer' business may have to undergo reform in the UK as proposals inside the MiFID directive suggest product purchases can only be considered ‘execution-only' if the client approaches the firm ‘on their own initiative'.

The average worker could see a 60% drop in income when they retire if they are a member of a defined contribution (DC) scheme - giving them an income which is lower than employees on the minimum wage, says Fidelity International.

Fidelity International has reported record levels of online ISA sales through its investment supermarket Fidelity FundsNetwork.

Simon Burgess, formerly group sales director at Skandia is joining Fidelity FundsNetwork to become its head of sales as the platform provider looks to develop its offering to the market.