Tag: Tom P
Tory Funder Fidelity to Lose Pension Contract ?
grayee Fri Mar 14, 2008 at 11:02:59 PM GMT 
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Good news – yesterday I spoke to, lets just say, a very senior councillor in a British local authority, who told me that "no matter what", their pension fund will not be reappointing “you know who” as their fund managers.
This is because the councillors, who appointed Fidelity in the first place felt deceived by the company, who did not mention their political partisanship when they gave them their presentation.
Also, they do not think it appropriate for fund managers to support any political party. Fidelity has given £415,000 to the tories in recent years.
Tom P also reports that he has had a few “interesting conversations” with people in the investment business, that they share his concerns about the wisdom of Fidelity’s political postulating.
This is his first “scalp” and I have no doubt there will be more.
This is because the councillors, who appointed Fidelity in the first place felt deceived by the company, who did not mention their political partisanship when they gave them their presentation.
Also, they do not think it appropriate for fund managers to support any political party. Fidelity has given £415,000 to the tories in recent years.
Tom P also reports that he has had a few “interesting conversations” with people in the investment business, that they share his concerns about the wisdom of Fidelity’s political postulating.
This is his first “scalp” and I have no doubt there will be more.
Time to Say Goodbye to Tory Fund Managers Fidelity?
grayee Sun Feb 24, 2008 at 09:48:11 PM GMT
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Or is it belated good riddance to bad rubbish? Tom P of Capital & Labour (and his Mrs) has finally had enough of active Conservative Party supporters,Fidelity Investment. Fidelity has donated £435, 500 (£115,000 in 2007 alone) to the Tories in recent years without disclosing the information to their investors.
Tom and his family have had a long term saving plan with Fidelity for many years. Once they found out that the company was giving the Tories huge amounts of money they were very concerned. They tried to contact Fidelity about their over why Fidelity were giving this money to the Tories but felt they were “fobbed off”. So they are leaving Fidelity.
Tom and his family have had a long term saving plan with Fidelity for many years. Once they found out that the company was giving the Tories huge amounts of money they were very concerned. They tried to contact Fidelity about their over why Fidelity were giving this money to the Tories but felt they were “fobbed off”. So they are leaving Fidelity.
Alistair and Northern Rock
grayee Tue Nov 20, 2007 at 11:04:26 PM GMT
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While I think that the chancellor Alistair Darling is still potentially in serious trouble over Northern Rock (ignoring the lost computer discs with their 25 million names for the moment) I think that unless the housing market goes completely belly up (and if so, God help all of us) he should be okay. I have only met him once, about 20 years ago in Edinburgh, when he was my local MP and a completely revolting manager was trying to sack me (story of my life - I was a T&G steward at the time).
