fidelity

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.

Frederic Gautier is leaving Fidelity International "to pursue other investment opportunities" so Carlos Moreno has taken over as manager of the Fidelity UK growth fund.

Fidelity FundsNetwork has added new features to its service intended to boost users' ability to configure the platform to their own particular preferences.

Many advisers believe although the recommendations from the Turner report may increase interest in retirement planning, the proposals don't go far enough, claims research from Fidelity International.

Fidelity's FundsNetwork platform is officially pressing the go-live button on its Sipp and investment bond offer in the week starting 12 December.

REGULATORS FAILED to prevent fraudsters "systematically plundering" £3m from a company pension, according to an inquiry by Sir Gerald Hosker QC published yesterday, reports the Daily Telegraph .

FIDELITY INTERNATIONAL, Britain's biggest retail fund manager, is preparing to launch its first new investment trust for ten years, reports the Times .