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Fidelity adds 12 funds to DC platform

Fidelity has added 12 funds to its open architecture platform for defined-contribution pension clients.

The platform, called the fund partner programme, is to offer 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.

It already offers definedcontribution clients access to a range of equity index funds from Barclays Global Investors and ethical investment funds from F&C Asset Management.

Fidelity executive director of the UK defined-contribution business Colin Williams says: “The investment we have made in the operational infrastructure, combined with the experience of the FundsNetwork operations team, demonstrates our commitment to continual development of the service.”

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