View more on these topics

Fidelity heads Tory donor list

Fidelity heads a host of financial services industry names donating to a resurgent Conservative party.

The latest donor lists, published by the Electoral Commission, show that Fidelity has made £75,000-worth of donations to the Conservative party in the past year, totalling almost £500,000 since 2004.

Pearl Group chief executive Hugh Osmond donated £76,000 to the Tories on March 5 and Towergate Financial Services chairman Patrick Snowball donated £2,500 to the party in September 2007.

A report by Parliamentary commissioner for standards John Lyon, published last month, also revealed that Edeus, John Charcol and Goldsmith Williams had paid at least £1,000 each to help fund a research project for the Tories. Edeus says it paid £5,000.

Lyon’s report, prompted by complaints into the funding of Conservative shadow offices, found the firms donated funds to the office of Shadow housing minister Grant Shapps.

A John Charcol spokesman says: “We were working with a group of people from the financial services industry to support the opposition in developing its housing policy.”

Edeus chief executive Michael Bolton says: “We felt it was appropriate to help fund alternative and additional research into areas of the UK housing market such as helping firsttime buyers and regulation.”


Don’t get locked out

Falling house prices mean that would-be equity-release clients could be well advised to make their move sooner rather than later.

The Russia house

I still believe that some of the key themes in the future of world markets are commodities and infrastructure. In the short term, they could be somewhat overcooked, especially oil. I would not be surprised to see it fall back to $100 or so, given that world demand has not picked up in the last few months. Indeed, if anything, it has fallen.

Treasury looks to address advice gap

By Jamie Clark, Business Development Manager, Royal London Hot on the heels of consultations on tax relief and pension transfers and early-exit charges comes a new investigation into the advice gap, and how this can be bridged. Ever since the new pensions freedoms were introduced, concerns have been raised about how people can get access […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment