Hutchison was born to English parents in Miami, Florida and raised in Jamaica, West Indies and Columbia, South Carolina. She is a classically trained ballerina who began taking dance lessons at the age of four. She received a scholarship to The School of American Ballet in New York City before joining the American Ballet Theatre to perform professionally, training extensively with Natalia Ma.k.arova and Mikhail Baryshnikov.
When a serious injury forced Hutchison to stop dancing, she began modeling and acting. She made her acting debut in the television movie, Mirrors, and went on to receive an Emmy nomination for the role of Jenna Bradshaw on the daytime drama, Guiding Light and also played Celia Frasier on As the World Turns. She has appeared in several films, including Biggles, American Gothic, Rage, Something To Believe In, and the independent film Prey of The Jaguar, with Stacey Keach. She also stars in the film Everything's Jake with Ernie Hudson.
Hutchison is also an accomplished theater actress. She has performed frequently with The New English Stage Company and was featured in the off-Broadway productions of Noel Coward's Private Lives, and Terra Nova. She co-starred with Tatum O'Neal in A Terrible Beauty at the Provincetown Playhouse in New York City, and also starred in the Essential Theatre Blah Blah Blah's production of Naked From The Waist Down, written by her husband, John Viscardi. Most recently, she starred in the play An Ideal Husband at the Paper Mill Playhouse.
In 2000, Hutchison hosted the cable talk show Tea with Fi for the Romance Classics Network. She writes a column Tea with Fiona for Upbeat Entertainment News Online, and is the Executive Vice President of Development for Nite Owl Productions, Ltd. Hutchison resides in New York City with her husband and their two young sons, Hutch and Trevor.