Fidelity International has created a new defined contribution and Workplace Saving Business to be led by Julian Webb as part of a company restructuring exercise.
Fidelity has launched the CB Richard Ellis UK Property Fund on its defined contribution platform.
The UK pensions industry will see the emergence of more public sector defined contribution schemes in 2013, Fidelity predicts.
Fidelity does not currently see market demand for a corporate wrap to incorporate wider workplace savings vehicles other than ISAs and self-invested personal pensions, it says.
Fidelity International has launched a workplace ISA in response to demand from its defined contribution clients and scheme members.