Fidelity to expand pensions business

Jenna Towler

Fidelity Worldwide Investment is to significantly expand its pensions business and has appointed Richard Parking as head of retirement.

It said it planned to deliver a new retirement service to the UK market, which is in "urgent need of innovation". Fidelity said the pensions market represented a significant opportunity for asset managers and platforms. Earlier this week the business announced a £250m investment into its platform. Head of business development Ed Dymott said: "With a significant number of individuals now approaching retirement, we are committed to delivering a service which provides both greater choice and improved outcomes for this critical point in their lifetime. "Unfortunately far too many in th...

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