Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and 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 Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Play Dangerous daisy chains, Black Friday blues and Uber valuations

Dangerous daisy chains, Black Friday blues and Uber valuations

This week’s Investment Pulse looks at the domino effect in European banks, America’s disappointing Black Friday and how much Uber is really worth.

Play Baillie Gifford's Snell bullish on India's prospects following election

Baillie Gifford's Snell bullish on India's prospects following election

Citywire AA-rated manager is seeing good overall growth for the Asia reason but is wary of varying valuations.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter