Fidelity

Fidelity Personal Investing has called for a ban on exit fees from all long term savings products in order to improve competition in the direct-to-consumer marketplace.

Skandia is poised to shake up the managed portfolio market with its suite of cut-price model funds, as the first look at WealthSelect reveals half the restricted range is priced at less than 60bps.

ANNUITIES

Fidelity Worldwide Investment has cut the annual charge on Anthony Bolton's China Special Situations investment trust ahead of the handover to incoming manager Dale Nicholls.

Fidelity's top performing fund manager Alex Wright has said the group will not let its flagship Special Situations fund grow to the size seen under previous manager Anthony Bolton.

THE BIG QUESTION

Investec Asset Management's plans to launch preferentially priced share classes for key distributors have been thrown into doubt after the country's largest D2C platforms revealed no evidence of such deals.

THE BIG QUESTION

Hargreaves Lansdown has revealed the exact details of its new clean pricing deals from leading fund groups including M&G, Newton and Schroders.

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.