View more on these topics

Fidelity advice business ushers in new boss

Fidelity has confirmed a change in leadership for its advice business Fidelity Retirement Services.

Former Fidelity personal investing head Jonathan Hewitt has left the business with Stuart Welch, who also oversees Fidelity’s share dealing service, taking on that role.

As personal investing head, Hewitt was responsible for Fidelity’s advice business as well as its direct-to-consumer platform.

According to his Linkedin page, he is now developing a portfolio career.

Hewitt stepped down from his role at Fidelity at the end of June.

According to its accounts for the year ended 30 June 2017, the most recent to be filed to Companies House, Fidelity Retirement Services reported profit of £75,000 compared to £158,000 the previous year.

Before joining Fidelity more than three years ago Welch was direct investing chief executive at TD Direct Investing.



Fidelity defends harassment complaint as legal battle set to continue

An internal investigation has found that a Fidelity International director did not bully or harass one of the firm’s employees. Legal action could still continue, however, as both the employee and company contest each other’s claims. Money Marketing reported last month that Fidelity had opened an investigation into a senior manager after an associate director […]

Spotlight on charges 700x450.jpg

Fidelity reverses plans to charge clients for research

Fidelity International has reversed plans to charge for research under Mifid II after feedback from clients. The £239bn asset manager revealed it planned to implement a Research Payment Account approach as part of its overhaul of fees, announced in October, when it revealed it was adopting a ‘variable management fee’ model. The RPA approach involves paying for […]


SJP investigates independence claims made by adviser

Restricted national firm St James’s Place is looking into why one of its partners told a prospective client he provides independent advice. In an email to a business owner seen by Money Marketing, an SJP adviser offers his advice services, and states he has a long history of being an independent financial planner. He states he has helped similar […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm