Fidelity ownership unchanged

Watson transferred his majority shareholding in Fidelity Life into the Fidelity Family Trust more than 25 years. He made this move to provide a stable, long-term ownership structure both during and after his life-time.

"It was Gordon's wish that those shares would always remain there so that Fidelity Life would continue to be a New Zealand owned life company," Fidelity says.

The trust is managed by the two independent trustees in Jeff Meltzer, who is a director of Fidelity Life and well known chartered accountant, and Mike Whale who is an Auckland lawyer.

"Accordingly the death of Gordon Watson has no affect on the ownership of Fidelity Life.