Platforms Association expands board with four new members
New members to the industry trade body include AJ Bell CEO Michael Summersgill and Nucleus CEO Richard Rowney
Fidelity International
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Inflation rises to 2.6% as fuel prices mount
The Consumer Price Index rose yet again in November as fuel costs increased, making an interest rate cut unlikely
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Fidelity to add private assets to £16.9bn pension scheme strategy
Investments will be made via Fidelity’s first Long-Term Asset Fund (LTAF)
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UK economy grows 0.1% in Q3
Below expectations of a 0.2% increase
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Chancellor to unveil plans to merge local government pensions into ‘mega funds’
Reforms will see the £360bn of assets in 86 local government pension schemes pooled into eight ‘mega funds’
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Investment industry urges BoE to tread carefully following interest rate cut decision
The Monetary Policy Committee voted 8-1 in favour of a 25 basis-point cut to 4.75%
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Chinese markets soar following announcement of ‘aggressive’ stimulus package
People’s Bank of China has announced measures to guide growth back to its 5% target
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UK inflation stays at 2.2% in August – but a rate cut still seems unlikely
Headline inflation may seem rosier, but August dealt ‘another headache’ for the BoE as inflationary pressures mount
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Platform software firm Bravura returns to profit
The firm supplies UK investment platforms including Fidelity International’s
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UK inflation rises to 2.2%
Industry commentators respond to inflation uptick
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Fidelity International strikes £29m adviser platform software deal
Sonata underpins Fidelity’s adviser platform
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PEOPLE MOVES: LGIM, Fidelity International, Premier Miton, Hipgnosis
Steven de Vries has exited