Peter Hicks leaves Fidelity as it embarks on strategic shake-up

Best wishes to Peter as he embarks on his next adventure.

It is my understanding that Fidelity Funds Network is run by Standard Life who decide if a client can use this wrap. This applies to the pensions etc., I am sure Mr Hicks will do a good job for Fidelity Funds Network.

@Ian - I think it is only the SIPP that Standard Life run. If my memory serves me Fidelity wanted to enter market quickly and Std already had the permissions.

I was wondering why I hadn't seen PH catching the 6:15 to Blackfriars in the last week or so...

Good luck Peter!!

I wish Peter all the very best in whatever he decides to do next, but I suspect that Fidelity have lost a significant resource of experience and talent. Peter is also a man of presence and gravitas - quite rare nowadays. Young guns are fine (and that isnt aimed at David or Julian, its just a general observation) but organisations need to balance them with experience. Hopefully Funds Network havent dropped an almighty clanger by letting him go. Good Luck Peter.

I just got back last night from Tenerife, and saw these lovely comments this morning. It's very heartwarming, and thank you very much. As an added bonus, I now know who "Man In Black" is!

Incidentally, the quote about my future intentions isn't true. I have no intention at all of doing something outside the industry, and fully intend to do something within the industry as soon as is practically possible. For all its faults, this is a fantastic industry not least because of the multitude of excellent and worthy people of whom it's comprised.

Peter, I'm coming rather late to this news, but good luck with the new plans

I wonder if, when Fidelity complete their " strategy ", they will ensure independent advisers can use the fidelity platform - without interference and blocking sales by Standard Life ( as standard life run and own ( apparently ) the pensions and Insurance bonds - and control who can adopt a product through this American company Fidelity. Good luck to Peter Hicks - who aware of these issues has failed to address them - but has been a strong proponent for " independent Advice ", a good company man - and good company.

Ian, ask yourself why standard life refused to accept your pension business and subsequently why they refuse to accept it via the fnw sipp as well.

Funny how you never publish that?

Funny mobile man - happy to publish reason why standard life refuse to accept business. I asked them to explain charges - standard life refuse to provide details. Ask yourself why standard life refuses to accept new business and why they refuse to allow fidelity to accept ? It may be fraudultent behaviour to stop a customer who had been mistreated with charges - or any adviser from transferring business held at standard life - to fidelity , standard life would be the administrators but not get their expensive charges ? If funny moblile man knows better feel free to comment. Interestingly I have continued to use standard life - with or without their knowledge - where appropriate or at a customers request ( of which the FSA and customers are fully aware ). As fee based advisers we are paid by thecustomer. However, one benenfit is we are not able to be blackmailed by standard life executives or beaten into submission becasue we rely on standard lifes commissions - unlike the many. Put simply standard life executives can wave their " big stick " of refusal to pay commisions at each other - rather than abuse their position against INDEPENDENT - financial advisers. Why dont you ask Standard Life and Fidelity ?