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.

Skandia secures Woodford fund for 0.65%

Skandia secures Woodford fund for 0.65%

Skandia has secured Neil Woodford’s Equity Income fund at an ongoing fund charge of 0.65%.

The fund will be available through the platform’s SelfSelect open fund range and as a bespoke sub-advised mandate within its more concentrated WealthSelect researched fund range.

The news follows similar announcements from rival distributors with Standard Life also offering clients a 0.65% rate while Killik customers will pay 0.75%. Hargreaves Lansdown is ahead of the pack with a 0.6% charge, which has been reduced by Woodford Investment Management paying Hargreaves clients an annual loyalty of five basis points.

For Skandia clients, the fund will be available on SelfSelect from June 20 and through WealthSelect later in the year.

Dean Bowden, head of investment solutions at Skandia, said:We are committed to offering financial advisers and customers access to the very best fund managers at a highly competitive price.

‘Woodford Investment Management has a proven investment approach which will be in high demand from financial advisers so we are pleased to have secured a great price for them via our platform.’

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