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Fidelity pensions head Parkin exits

Industry veteran to leave the provider after 15 years.

Fidelity pensions head Parkin exits

Fidelity International’s head of pensions policy Richard Parkin is leaving the business.

Parkin (pictured) is leaving as part of a voluntary separation programme which was recently offered to all senior figures.

He joined Fidelity in 2002 as head of defined contrition product development. In October 2013 Parkin was appointed to lead Fidelity's post-retirement market proposition. 

Fidelity has has not appointed a direct replacement for Parkin, but a spokeswoman said head of pensions product Carolyn Jones will take on some of his 'external facing' duties. 

A spokeswoman from Fidelity said: ‘Richard Parkin is leaving of his own accord after an enjoyable and productive 15 years at Fidelity. With the birth of his new son, Richard would like to have a few months off with his family and take some time to think about the next stage of his career where he will continue to focus on retirement policy and proposition.'

Prior to Fidelity, Parkin was a product developer at UBS Global Asset Management and he has also been a pensions investment consultant at Willis Towers Watson. He is also a fellow at the Pensions Management Institute.

Last month Fidelity announced a major overhaul to its pricing structure which saw the introduction of a performance-related model.

Parkin is the second major retirement figure to leave Fidelity in the last two years. Retirement director Alan Higham left the company in July 2015. 


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