View more on these topics

Fidelity names Clougherty as head of UK retail

Fidelity Worldwide Investment has announced former Aviva Investors UK Funds chief executive John Clougherty will join as head of UK retail in June.

Clougherty’s departure from Aviva Investors, as revealed by Money Marketing in March, followed the firm announcing in January that it would cut 160 jobs, with its London-based European, emerging markets, global and SRI equity desks closing.

Fidelity UK managing director Hugh Mullan says: “Clougherty’s wide-ranging experience across the industry means he is extremely well-placed to drive Fidelity’s retail business forward at a time of great change and opportunity in fund distribution.

“Our retail business is already a substantial player with assets of approximately £32bn and I am confident that he will deliver the full potential of our significant product offering to our existing and future intermediated customers.”

Ben Waterhouse, head of UK retail sales, will report to Clougherty and will continue to be responsible for distribution.

Clougherty has held senior management and sales positions at Fleming Asset Management, Merrill Lynch Investment Managers and Skandia Asset Management.


Transact tops The Platforum Q1 leaderboard

Transact has topped The Platforum leaderboard for the first quarter of 2012, with Skandia in second place and Standard Life in third. Nucleus came in at fourth place and Axa Elevate rounded off the top five (see table below). The leaderboard, published this week, examines platforms’ overall performance in terms of financial strength, percentage increase […]


Government U-turn on pasty and caravan taxes

The Government has withdrawn plans to impose VAT on Cornish pasties and reduced its proposed tax on static caravans to 5 per cent. The Government has changed the definition of what is a “hot” pasty. As a result, pasties and sausage rolls will be defined as cooling down rather than being kept hot and will […]


Roger Edwards: Meetings key to overcoming protection objections

I had a moment of epiphany recently during a talk to a group of advisers where I was giving them marketing ideas about how to grow their businesses. We were debating the reasons why people just do not see it as a priority to buy protection insurance. I went through the main reasons which I […]


Aegon to delist from London Stock Exchange

Aegon is to cancel its listing on the London Stock Exchange. The provider says trading of its shares on the exchange is negligible and does not justify the expense of being listed. The cancellation of listing and trading are both expected to take effect from June 29. Aegon’s shares will continue to be listed on […]

Tax year-end planning with the family

From the Technical team at Prudential Let’s face it, many aspects of financial planning involve a lot of technical detail. At our face-to-face events, we’ve had great success bringing these technical topics to life through the use of practical case studies. Meet the family Prudential’s Planning Matters hub brings together a fictional family and explores […]


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