Thursday 5 July 2007

Fidelity Investments funds the Tories

According to the Electoral Commission website, fund manager Fidelity Investments gave the Conservative Party £40,000 in February this year. Overall in the past three years they have given the Tories over £350K. To check it out use the website below -

http://www.electoralcommission.org.uk/regulatory-issues/regdpoliticalparties.cfm

I am not a Conservative supporter (!) but I don't think that fund managers should donate to ANY political parties. Political donations of this kind are no no in the corporate governance world, and many fund managers vote against companies they invest in when they try to do exactly this.

Worth checking out if your pension fund has any relationship with Fidelity. Let's try and get them to get rid of this partisan political stance - or lose our business.

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