Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Eight groups snapped up for Skandia's new fund range

Eight groups snapped up for Skandia's new fund range

Skandia has snapped up eight groups to a new sub-advised fund range to be launched next year.

The new range will be made available on Skandia’s Solutions platform and has been designed to be low cost.

Aberdeen, BlackRock, BNY Mellon, Fidelity, Henderson, JP Morgan, Schroders and Threadneedle have all verbally agreed to join the new range, which has the working title ‘Select’. Old Mutual Global Investors will also be involved.

Paul Feeney, chief executive for Old Mutual Wealth, which comprises Skandia and Old Mutual Global Investors, said the line up of fund managers should make the proposition attractive to all types of advisers after the retail distribution review (RDR).

Feeney (pictured) added: ‘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.’

One group which won’t be featuring in the new range is M&G as it is unable to provide sub-advised retail mandate services. Skandia has said it will be working together with M&G to find a way for it to join the new range.

The funds will be run as sub-advised retail mandates and Skandia intends the range of approximately 50 funds to be cost competitive, covering all major asset classes.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

Do not miss the first two minutes of this film as Richard Buxton shares how he has been challenged by a client for owning shares in a certain company.

Play CEO Tapes: the huge opportunities for asset managers

CEO Tapes: the huge opportunities for asset managers

From tech disruption, retirement and poaching, the CEO discuss the opportunities for their businesses in this episode.

Play CEO Tapes: 'we're just a bunch of white dudes sitting here'

CEO Tapes: 'we're just a bunch of white dudes sitting here'

In our brand new series, eight CEOs discuss how the industry could do a better job for female fund managers.

Read More
Your Business: Cover Star Club

Profile: Kevin Doran's formula for success at AJ Bell

Profile: Kevin Doran's formula for success at AJ Bell

From a degree in theoretical physics to teaching and becoming one of the youngest chief investment officers in the UK, Kevin Doran has certainly had an interesting career.

Wealth Manager on Twitter