Fidelity International’s announcement that it will implement a performance-based fee sparked mixed reactions in the industry, with some calling it “innovative” and others saying it missed the mark.
Fidelity International is the first major asset manager to make a switch to a “value for money” charging structure. The asset manager will give money back to clients when its funds underperform.
Japanese equity fund managers are backing small and mid cap companies in the tech space as well as ‘online disrupters’ ahead of the snap election to be held in October.
Isle of Man-based savings provider Hansard International has teamed up with global asset manager Fidelity International to launch a tool to help financial advisers identify the risk profile of retail clients.
People retiring now must cope with pension income that is 46% lower than they could have expected had they retired immediately before the global financial crisis, analysis from Fidelity International has found.
Despite a murkier outlook for global inflation, there could be “positive surprises” ahead which make inflation-linked bonds an attractive diversifier, Fidelity International says.
Millions of pension savers cannot take advantage of a tax break designed to help them pay for financial advice because major providers including Aviva, Aegon, Fidelity, Legal & General, Prudential and Royal London are not offering it to customers, reports the Financial Times.
Emerging markets are increasingly attractive but selecting the right fund is the key to performance, according to Morningstar.
Fidelity International has poached its new multi-asset co-portfolio manager from Henderson and Jersey Finance has a new business development director for funds. Meanwhile, Neptune’s Douglas Turnbull is set to join Invesco Perpetual.
The recent oil price retreat is just noise, and large cap energy company valuations are at historical lows, according to Toby Gibb, Fidelity International’s investment director of European equities.
PineBridge Investments has a new head of Switzerland and Austria, while Guernsey Finance has promoted its multilingual international business development director to deputy chief executive. Fidelity International has appointed a head of equity.
Standard Life and Aberdeen have clearly defined the roles co-chief executives Keith Skeoch and Martin Gilbert will fill once the companies merge. Killik & Co’s Sarah Lord surprised many this week by announcing plans to move on from the company, while OMGI has parted ways with its fixed income head.
