Team led by Nick King
Firms cite lack of client demand
FundsNetwork will offer a wider range of the most popular investment trusts and exchange traded products on the platform from early December.
Pair join from Fidelity and MetLife
Fidelity has proposed an overhaul of conventional methods of comparing tracker funds' performance, saying simply looking at tracking errors can produce 'illusory' results.
Platform inflows reached record highs in the fourth quarter of 2014 as upcoming pension freedoms and demand for income boosted inflows, according to Fundscape.
Fidelity FundsNetwork is to make Neil Woodford’s Patient Capital trust the first externally-managed IT available on the platform, in what it says is a “clear intention” of more to come.
Fidelity's move into passive funds
Fidelity Worldwide Investment has overhauled the remit of Peter Khan and Ian Spreadbury's Global High Yield fund in order to diversify away from the US and increase exposure to emerging markets.
Investors will find their choice of platforms has halved in as little as ten years’ time, according to FundsNetwork advisory services head Jon Everill.
When the FSA first announced its RDR in June 2006, its aim was simple: to ensure consumers knew exactly what they were paying for their funds, platforms, and advice.
Platforms are racing to update their conversion programmes as advisers complain about hefty charges when switching clients into clean share classes.
Fidelity Worldwide Investment has moved to put pressure on rivals in the passive space with the launch of four low-cost index funds.
Fidelity's Personal Investing platform has moved to minimise the impact of D2C super clean fund deals on the end-investor by offering to refund the difference when funds are available more cheaply elsewhere.
Fidelity Worldwide Investment's UK managing director Hugh Mullan is to step down in April, Investment Week can reveal.
Fidelity Worldwide Investment is set to launch a new equity index range in March, available to the adviser market exclusively through FundsNetwork with fees starting at 0.09%.
Hargreaves Lansdown has topped the Platforum's first list of Britain's best D2C platforms despite charging a higher price than many competitors.
Next year will bring the realisation that super clean is not so super, predicts Fidelity FundsNetwork, with rebates trumping super clean share classes.
Fidelity Worldwide Investment has secured best price fund deals from the vast majority of its major fund partners after groups agreed to sign up to its recently-unveiled Access programme.
The UK could be the first developed country to raise interest rates, with a hike coming as soon as next year, according to Fidelity fixed income head Andrew Wells.
A number of asset managers stand to double their market share if they are prepared to be aggressive on super clean pricing, according to research from Barclays.
The increasingly rapid move towards restricted architecture and a focus on cost above all else across the financial services industry could spark the next mis-selling scandal, Fidelity's Ed Dymott has said.
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.