This statement is made on behalf of FIL Holdings (UK) Limited and its subsidiaries and FIL Life Insurance Limited pursuant to section 54(1) of the Modern Slavery Act 2015 (the "Act") and constitutes our slavery and human trafficking statement.
FIL Holdings (UK) Limited is a private limited company registered in England and Wales (registered number 06737476) and is the parent company for (1) the following companies authorised and regulated by the Financial Conduct Authority, FIL Investments International, Financial Administration Services Limited, FIL Investment Services (UK) Limited, FIL Pensions Management and FIL Retirement Services Limited and (2) other unregulated companies. FIL Life Insurance Limited is a private limited company registered in England and Wales (registered number 03406905) authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority. All such companies are members of the Fidelity International group of companies and are registered in England and Wales with their registered address being Oakhill House, 130 Tonbridge Road, Hildenborough, Tonbridge, Kent TN11 9DZ.
Fidelity International offers world class investment solutions and retirement expertise. We believe that high standards of corporate responsibility make good business sense and have the potential to protect and enhance investment returns for our customers. Consequently, our investment process takes modern slavery or human trafficking and other environmental, social and governance (“ESG”) issues into account when, in our view, these have a material impact on investment risk, reputation or return. We do not screen out companies from our investment universe purely on the grounds of poor ESG performance but rather adopt a positive engagement approach whereby we discuss these issues with the management of the companies in which we invest on behalf of our customers.
Fidelity International is a signatory to the United Nations Principles for Responsible Investment (“UNPRI”), a voluntary framework for incorporating ESG issues into investment decision-making and ownership practices. Fidelity’s approach to responsible investment is consistent with the UNPRI Principles and reflects our view that ESG integration should be encouraged when it enhances long term financial return.
Fidelity International does not tolerate modern slavery or human trafficking within its business operations and takes a risk-based approach regarding its supply chain. Given the professional and regulated nature of our business, and the fact that we do not have intricate supply chains or obtain material services from external businesses located in high risk countries, we have a low-risk of modern slavery or human trafficking within our business operations and supply chain.
Our procurement process includes vetting every material new supplier and carrying out a risk analysis based on the nature and value of the product or service.
We are currently reviewing our procurement processes and will be enhancing our due diligence and contractual terms so that our obligations under the Act are where possible passed through to material suppliers.
Our General Counsel functions work in conjunction with our Corporate Services, HR and Procurement functions to manage any concerns and to ensure that they are reported to the relevant Boards of Directors for remedial action. We also have a clear Whistleblowing Policy published to all staff: if there are any genuine concerns about any wrongdoing or breaches of law these concerns can be raised in confidence without fear of disciplinary action.
We will also be rolling out new training for those involved in recruiting and sourcing/managing a supply chain so that they are able to identify risk factors, understand the implications and assist us with our effective implementation of our policy not to tolerate modern slavery or human trafficking.
For and on behalf of FIL Holdings (UK) Limited and its subsidiaries including
FIL Investments International
Financial Administration Services Limited
FIL Investment Services (UK) Limited
FIL Pensions Management
FIL Retirement Services Limited
FIL Investment Management Limited
And also duly authorised on behalf of FIL Life Insurance Limited
This material is for investment professionals only and should not be relied upon by private investors.
By accessing this website and the pages thereof, you acknowledge that you have read and agree to be bound by the following terms and conditions of use (“Terms and Conditions). Please read the Terms and Conditions carefully before using this website. The contents of this website are communicated by FIL Pensions Management (“Fidelity”), which is authorised and regulated by the Financial Conduct Authority (“FCA”).
Fidelity is authorised to offer products and services described in this website in the United Kingdom. This website is not directed at you if Fidelity is prohibited by any law of any jurisdiction from making the information on this site available to you and is not intended for any use that would be contrary to local law or regulation.
Persons residing outside of the United Kingdom, including but not restricted to the United States of America and Canada, should refer to the offering document of the relevant fund for further specific jurisdictional information (in particular, persons resident in the United States of America should refer to the eligibility criteria and the definition of "US Person" in such documentation). Persons residing outside the United Kingdom should consult their professional advisers as to whether they require any consent or need to observe any other formalities before they can invest in the products described in this website. Fidelity assumes no responsibility for the financial or other consequences arising from the subscription or purchase of the products described in this website.
Fidelity only gives information on products and services and does not provide investment advice based on individual circumstances. Fidelity has expressed its own views and opinions on this website, and these may change. Nothing in this website should be construed as investment, tax, legal or other advice. The information contained herein is current at the date of publication, but is subject to change without notice.
Some of the products referred to in this website constitute "Unregulated Collective Investment Schemes" ("UCIS") for the purposes of the Financial Services and Markets Act 2000 ("FSMA 2000"), and are not recognised schemes under Section 264 of FSMA 2000. Under UK legislation, UCIS may only be promoted to persons who are sufficiently experienced and sophisticated to understand the risks involved in investing in such schemes, and who satisfy certain other criteria. Accordingly, the information in this website is intended exclusively for persons to whom UCIS may be promoted by virtue of the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2005 or the rules of the FCA.
By using this website, you agree that the laws of England and Wales and that the courts of England and Wales will have exclusive jurisdiction to settle any dispute that may arise out of, under, or in connection with the Terms and Conditions, and you consent and submit to the personal jurisdiction of those courts for the purposes of litigating any such action.
FIL Pensions Management (Reg. No. 2015142) with registered offices at Oakhill House, 130 Tonbridge Road, Hildenborough, Tonbridge, Kent TN11 9DZ, United Kingdom.
Fidelity International, the Fidelity International logo and F symbol are trademarks of FIL Limited, a company existing under the laws of Bermuda.