fidelity fundsnetwork

Fidelity FundsNetwork has laid down the gauntlet to rivals by pledging to disclose payments it receives from fund groups by the end of the month.

The FSA has already decided final rules governing platforms ahead of publication of its policy paper in July and will "not budge" on the proposal to ban cash rebates.

Peter Hicks, product director of UK equities at Fidelity, is leaving the company.

Fidelity has appointed Pete Burtonshaw as head of platforms with overall responsibility for both FundsNetwork and the DC propositions.

Fidelity FundsNetwork is planning to introduce free buying for lump sum investments and free switching through a pricing option launching on 9 August.

Peter Hicks, head of UK retail sales at Fidelity International, has been promoted to product director, UK equities, effective from 1 August.

GOSLING'S GROUSE

Friday's Fidelity FundsNetwork investment forum featured presentations from some of the biggest names in fund management. Here we bring you the best bits.

Algy Smith-Maxwell today said the market correction is likely to continue for some time but argues the bull market has "another leg" to it.

The current correction in equity markets should present opportunities for investors, according to Sanjeev Shah.