Fidelity Fund Managers Fund Tories Armoury (with union member’s money)

Tom P the mild mannered scourge of Tory funding maestros Fidelity has found out that the company has donated another £125,000 to their puppets in the Conservative Party.

This is just plain wrong on a number of levels. Not least did Fidelity disclose being a (or the?) major corporate funding of the Conservative Party when they won the investment mandate for Tory controlled North York’s LGPS fund last year? Fidelity are employed as fund managers by a number of Council pension funds. The profits from Unison members pensions are being used to pour money into the Party pockets of Cameron and Osborne?

Tom also exposes the public PLC Investment Trust Cameron (sorry Caledonia) that is a long standing Tory funder which is now part owned by the state (via our nationalised banks) who last year funded individual Tory CLP’s with our money. Local Tory parties in Ealing Central and Acton got £3,000 while Milton Keynes, Sutton and Cheam got £5,000.

Great picture from Truth, Reason and Liberty

InFidelity comes over all coy while “bonkers” Caledonia joins Tory investors club

Labour & Capital blogger, Tom P, has had a reply from Fidelity Investments to his letter to them about their donations to the Tories (£95k this year alone). Tom and his wife pay into a Fidelity ISA towards paying off their mortgage and are very unhappy that they are indirectly contributing to Conservative party funds.

Click on the link to read about the frankly empty response that Fidelity gave to his letter. Keep up the pressure Tom!

It was also interesting to note that Tom also reports that Caledonia Investors has given the Tories £60k. Caledonia still has very strong links with their founders, the old money Scottish Tory lairds, the Cayzers. Read the “Scotland on Sunday” account about the “stark raving bonkers” family feud that the almost liquidated the trust in 2003. It makes UNISON conferences seem like “a walk in the park”.

While you are at it check out Fidelity Out of Sudan.