Wednesday, 28 August 2013

The Fidelity/Conservative connection

I was Googling around on Fidelity and the Tories last night and came across this story from 2007. What caught my eye was this comment -
“We do not comment on our political donations. We do not endorse political candidates and generally we take a non-partisan approach with politics.”
I still think the "non-partisan" claim is hilarious, frankly, but the bit that struck me was that line about not endorsing political candidates. As far as I am aware this is true. But Fidelity does have a Conservative MP it employs as a consultant who seems to be paid pretty much every month.

Sir John Stanley's register of interests is here. Here are the Fidelity contributions:
2. Remunerated employment, office, profession, etc.
Consultant on financial services to FIL Investment Management Ltd (formerly known as Fidelity Investment Management Ltd), Oakhill House, Hildenborough, Kent TN11 9DZ.
£1,800 received for attending meetings as necessary and advising on business opportunities and risks. Hours: 7 hrs. (Registered 23 May 2012)
£1,800 received for attending meetings as necessary and advising on business opportunities and risks. Hours: 8 hrs. (Registered 27 June 2012)
£1,800 received for attending meetings as necessary and advising on business opportunities and risks. Hours: 6 hrs. (Registered 20 July 2012)
£1,800 received for attending meetings as necessary and advising on business opportunities and risks. Hours: 5 hrs. (Registered 21 August 2012)
£1,800 received for attending meetings as necessary and advising on business opportunities and risks. Hours: 6 hrs. (Registered 2 October 2012)
£1,800 received for attending meetings as necessary and advising on business opportunities and risks. Hours: 5 hrs. (Registered 29 October 2012)
£1,800 received for attending meetings as necessary and advising on business opportunities and risks. Hours: 5 hrs. (Registered 21 November 2012)
£1,800 received for attending meetings as necessary and advising on business opportunities and risks. Hours: 7 hrs. (Registered 24 December 2012)
£1,800 received for attending meetings as necessary and advising on business opportunities and risks. Hours: 6 hrs. (Registered 29 January 2013)
£1,800 received for attending meetings as necessary and advising on business opportunities and risks. Hours: 7 hrs. (Registered 22 February 2013)
£1,800 received for attending meetings as necessary and advising on business opportunities and risks. Hours: 8 hrs. (Registered 25 March 2013)
£1,800 received for attending meetings as necessary and advising on business opportunities and risks. Hours: 6 hrs. (Registered 16 April 2013)
(Note Fidelity now appears as 'FIL' rather than 'Fidelity' both here or when making donations).

I think in the old days we used to describe MPs who were supported by individual unions as "sponsored"...

1 comment:

PaintingWithNumbers said...

Good point. The MP is a paid representative of FIL.

I pity his constituents. Their representation in Parliament must be diminished as a consequence of FIL's sponsorship, especially when a conflict of interest arises.