HSBC DC scheme switches £1.8bn into Fidelity platform in record move
The HSBC Pension Scheme has moved £1.8m of its defined contribution (DC) assets that had previously been managed in-house onto Fidelity's investment platform.
This marks the largest transition of DC assets to have taken place in the UK, bringing the total value of Fidelity's DC business to £18.1bn, up from £13.8bn in July 2013. HSBC Bank Pension Trust chief...
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