Fidelity Worldwide Investment has unveiled details of a new fund partnership programme, Access, which will offer a new range of services for its fund managers in return for the best terms.
The Access programme is aimed at providing fund manager’s enhanced marketing and events services in return for making the lowest share classes available on its FundsNetwork platform.
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It will also offer direct access to Fidelity sales staff and senior executives.
The programme is designed to give fund management groups new ways to engage with Fidelity’s customers, including individual investors, advisers and employers, in the UK and globally.
Fidelity is to spend £250 million on its UK platform business FundsNetwork as part of a five-year development plan.
The Access programme will see the platform work more closely with participating asset managers to promote their products to its customers globally. Fidelity is also seeking to spend £15 million next year on promotional activities that fund groups would be given access to as part of the programme.
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By GlobalDataEd Dymott, head of business development and strategy at Fidelity Worldwide Investment, said: "We are launching a new partnership programme called ‘Access’ which gives enhanced services to fund managers, greater access to customers, senior staff, sales people and business teams at Fidelity.
"The Access programme will not turn into a restricted proposition and the company will maintain an open architecture structure on its FundsNetwork platform.
"We are very certain we want to maintain an open architecture structure and not won’t restrict choice to products. We do have a guided list of 100 funds called ‘Select’ but it has no commercial bias and that is an independent and separate process to Access," Dymott added.
