Fidelity Worldwide Investment is carrying out a review of its retail sales team ahead of a restructure.
A spokeswoman for Fidelity says as part of the restructure some roles in the retail sales team may no longer exist but that ultimately the size of the team is expected to grow.
She says: “In response to the changing landscape as a result of the RDR, we are currently reviewing the structure of the Fidelity’s retail sales team to best meet the needs of advisers. No further details are available at this time.”
The restructure comes two months after former RSA Group distribution director Russell Lancaster joined Fidelity as UK retail sales director. Lancaster also spent 12 years working at Cofunds, most recently as head of commercial and key accounts.