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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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