Good news – yesterday I spoke to, lets just say, a very senior councillor in a British local authority, who told me that "no matter what", their pension fund will not be reappointing “you know who” as their fund managers.

This is because the councillors, who appointed Fidelity in the first place felt deceived by the company, who did not mention their political partisanship when they gave them their presentation.

Also, they do not think it appropriate for fund managers to support any political party. Fidelity has given £415,000 to the tories in recent years.

Tom P also reports that he has had a few “interesting conversations” with people in the investment business, that they share his concerns about the wisdom of Fidelity’s political postulating.

This is his first “scalp” and I have no doubt there will be more.

Or is it belated good riddance to bad rubbish? Tom P of Capital & Labour (and his Mrs) has finally had enough of active Conservative Party supporters,Fidelity Investment. Fidelity has donated £435, 500 (£115,000 in 2007 alone) to the Tories in recent years without disclosing the information to their investors.

Good question. Ever since it came out from Labour & Capital” blog, that the fund managers Fidelity have recently given the Conservative Party £415,000; I have been contacted by furious UNISON members whose pension fund employ Fidelity.

I’ve been thinking of yesterday’s post and about what should be done about the likes of “Money Shop” and the rest (Payday UK “only” charge 1330% interest for a 30 day loan – please click on the link to check I am not making this figure up. It is unbelievable. Apparently they have 100,000 UK customers) who make such excessive interest charges.

Firstly, why not legislate against it. Usury use to be illegal for centuries. There also use to be numerous Bank of England regulated credit controls which were abolished by Thatcher?

Excellent post from Labour & Capital about the investment fund managers Fidelity, who unlike all other major British managers are significant financial contributors to the Conservative Party. Over £320,000 in the last three years.

Tom P (the author) and his wife, have an ISA investment account with them. He has written this letter asking why they are donating money to the Tories, are they planning future contributions and do they disclose these donations when they bid for business in Conservative controlled Council pension fund authorities?

Just when you feel that the British Financial Services industry cannot sink any lower in public esteem, we learn that leading investment manager Fidelity is giving the Conservative Party vast amounts of money. Hat trick thingy to Tom at “Capital and Labour”.

In the last 3 years they have made a series of donations worth £320, 000.