Fidelity to invest £250m in UK platform in bid to dominate distribution

Fidelity is to spend £250m across its UK platform business over the next five years as part of a plan to enhance its open architecture proposition and dominate the distribution landscape.

Investment Week can reveal the group is launching a series of initiatives to transform the way its platform operates. This includes a new fund manager-focused programme called Access which will see the platform work more closely with participating asset managers to promote their products to its customers globally. The Access programme will provide enhanced marketing and relationship support in exchange for access to the lowest cost share classes available. Groups which join will be able to get closer to end users, benefiting from Fidelity's 1.1m-strong retail investor base in the UK a...