View more on these topics

Pratt quits Fidelity to join Newton

Fidelity UK aggressive fund manager Glenn Pratt is quitting the US giant to join Newton Fund Managers as a senior member of its UK equity team.

Pratt, who has been with Fidelity for eight years and run the aggressive fund – previously called the recovery fund – for four years, will join Newton in January but is believed to be stepping down from the £82m fund with immediate effect.

His successor is thought to be Sanjay Shah, who will take control immediately, leaving the growth & income fund he took over several weeks ago.

Pratt will not be allocated a fund until January but it is possible he will join a team missing Robert Shelton, the star manager of Newton&#39s £800m flagship UK income fund, who is fighting to return to work after a car accident in February.

Newton chief executive Helena Morrissey says: “Once Glenn is here we will make a decision about what fund he will run but we are absolutely delighted he is joining us.”

Fidelity executive director Paul Kafka says: “We are sorry to see Glenn go and wish him well.”

Bates Investment senior investment adviser Kerry Nelson says: “It is a great opportunity for Glenn to make a name for himself at Newton.”


Liverpool Victoria modifies with profits pension

Liverpool Victoria has introduced two new options on its with profits pension annuity.Annuity holders can now select the ABR and change it as many times as they like after the second year and customers will also be able to convert from a with profits to a conventional annuity.The modifications aim to help people tailor their […]

Pink offers self-build loan

Pink Home Loans is joining forces with specialist mortgage provider BuildStore to offer a self-build loan.The move means BuildStore&#39s BuildLoan range of self-build and renovation loans are available to intermediaries through PHL.The BuildLoan product is designed to release money to the borrower at the start of each stage of a selfbuild project. It allows them […]

Growing list of the wounded

Darwinism is the order of the day as the bear market claims another victim with the closure of Pearl to new business.Pearl is unlikely to be the last. Several insurers and fund managers such as those with a heavy reliance on split-cap trusts can only be described as walking wounded. There is surely little hope […]

Putting fun into finance

Entertainment in Business, a company specialising in getting messages across using comedy, is sponsoring a comedy forum for financial services firms next month.The event takes place at London&#39s Comedy Store from 2pm-4pm on November 28 and costs £65. It will feature Norman Pace, star of Hale & Pace, and scriptwriter Terry Morrison, who will demonstrate […]


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