View more on these topics

Fidelity completes Annuity Direct acquisition

Fidelity has completed the acquisition of retirement broker Annuity Direct for an undisclosed sum.

The deal, which was first announced in October last year, has now received regulator approval from the FCA.

Alan Higham will continue as chairman of Annuity Direct. In addition, he will take on the role of head of retirement insight at Fidelity.

Don Grant becomes Annuity Direct chief executive, while Bob Bullivant will continue to lead training and compliance for the Isle of Wight based firm.

Higham says: “At the start of this process, I decided that the most crucial factor for me was that the company we chose to work with shared the very same values as Annuity Direct.

“Having worked with Fidelity for almost two years now in the workplace savings market, as well as getting to know a number of people there, I know that this is absolutely the right fit and therefore the right decision. 

“I am extremely positive about what the future will bring and what Annuity Direct and Fidelity will be able to do together to really make a significant difference to people’s lives in retirement.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com