UK - Fund management giant Fidelity Investments is looking to expand its presence beyond the occupational pensions market and into group personal arrangements.
Although the firm declined to reveal any precise details, it said that it had picked up a number of DC wins and that it wanted to use this momentum to expand into other parts of the UK pensions market.
Fidelity head of business development Ed Evers said: “Our aim is to broaden our appeal across the UK pensions market place, through group personal arrangements and the occupational schemes.
“We have seen a high level of activity so far this year, covering both new start-up schemes and existing schemes changing provider. Opportunities have come through a broad cross-section of intermediaries, and reflect company schemes across a diverse range of industries.”
Evers said that one factor behind the firm’s success was its open architecture platform, which offered clients access to Fidelity’s own range of funds as well as third-party funds.
All of the funds on offer are administered on a single “robust” administration platform.
Evers said: “Having one data source for web, paper and telephone-based contact with members, employers and their advisers enables us to control all aspects of service delivery and ensure service standards are high.”
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