Saturday, 15 March 2008

Bye bye Fidelity 2

Wow, this is big news! According to Unison superhero John Gray one of the local government pension funds that employs Fidelity has said privately that it won't reappoint them because of their partisan political donations. I suspect that that lost fee income from one local authority fund would outweigh the value of the donations they have made so it's a nonsensical thing for Fidelity to keep doing from a business perspective.

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