UK- Fidelity Investments has added new investment firms and funds to its Fund Partner Programme, its open architecture platform for defined contribution.
Fidelity has selected five equity and bond funds from Newton Investment Management, three equity funds from Baillie Gifford and four cash and bond funds from Barclays Global Investors. The Fund Partners Programme already offered equity index funds from BGI and ethical investment funds from ISIS Asset Management.
“Clients and consultants continue to demand greater manager choice,” said Colin Williams, executive director of DC business. ”The addition of these new funds will give them more options when designing DC pension schemes with Fidelity. However, offering more choice brings with it more operational cost and complexity for clients and their administrators. The investment we have made in the operational infrastructure behind the Fund Partner Programme combined with the experience of the FundsNetwork operations team demonstrates our commitment to helping clients address these issues through an open architecture platform.”
The Fund Partner Programme was developed to offer clients varying fee levels and a more efficient platform to switch between managers, with the aim of reducing the time during which funds are left uninvested.
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