Fidelity Worldwide Investment is planning to launch a service into the at-retirement market, which will be available to customers across all its UK business channels, FTAdviser has reported.
The new retirement service will support customers of Fidelity’s personal investing, fundsnetwork, retail funds and defined contribution and workplace savings arms.
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Fidelity has appointed Richard Parkin as head of retirement to lead the development of that part of its business. Parkin will take up the role at the end of October 2013.
FTAdviser quoted Ed Dymott, head of business development for Fidelity’s UK business, as saying: "Over the next few years, Fidelity will be investing significantly to create a new retirement service that aims to provide our customers and their advisers with the ability to make the most of their retirement savings."
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