Desperately seeking savers

After two years of outflows, Gary Shaughnessy is aiming to bring Fidelity back to its former glory

"Advisers are going through this massive period of change, with the retail distribution review. Our job is to make sure our solutions can be presented in a way which can help their clients." This, according to Gary Shaughnessy - Fidelity's new UK retail managing director, is the challenge for the IFA community, but he could have extended the comments to a discussion of the challenges faced by Fidelity. From a position of being almost the 'default' option for advisers a few years ago, Fidelity's fortunes since then have followed the correction in the markets, and Shaughnessy's arrival la...