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Skandia unveils fund manager partners for restricted offering

by Jun Merrett on Nov 27, 2012 at 11:01

Skandia has unveiled the eight fund groups which will be on its restricted 'select' panel.

The eight fund groups are Aberdeen, Blackrock, BNY Mellon, Fidelity, Henderson, JP Morgan, Schroders and Threadneedle.

The groups will run the 50 funds in the new range as sub-advised retail mandates.

M&G will become a strategic partner for the service as it is unable to provide a sub-advised retail mandate service. M&G and Skandia will work together on a solution that will enable the fund group to join the range in the future.

The new range is offered exclusively through Skandia and will be available on its Skandia Investment Solutions platform.

Paul Feeney, chief executive of Old Mutual Wealth, said the proposition was for both restricted and independent advisers.

‘The funds will have very competitive charges, a clear example of how we are able to use our scale and market position to negotiate great deals for the advisers that work with us and their customers.

‘This fund range, accessed via the Skandia platform, is likely to be the most compelling focused fund range anywhere in the market.’

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3 comments so far. Why not have your say?

Only time will tell but I think that Skandia may have lost the plot.

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I wonder how the investment groups that have been not aligned to the restricted version feel?

The combination of the old legacy business being transferred away, the upgardes that many advisers are embarking on by moving from a supermarket to a platform and now the restricted version surely will have massive impact on the investment groups flows of net monies.

How will some of the groups cope with potentially losing billions of pounds to the new funds via the excellent bulk switching facility?

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John Smyth 3

Nov 27, 2012 at 15:24

St James Place - Weinberg type operation in the making just like their S A peers Sanlam.

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