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.

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 Boutique tapes: my business will never be sold

Boutique tapes: my business will never be sold

In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.

Play Boutique tapes: are top managers better off at small firms?

Boutique tapes: are top managers better off at small firms?

In episode three of our series, boutique bosses discuss whether the best fund managers are more likely to thrive at smaller firms.

Play Boutique tapes: if you want a Ferrari, you have to pay for it

Boutique tapes: if you want a Ferrari, you have to pay for it

In the second part of our four-part series, boutique bosses are asked how they can justify the fees charged by active managers.

Read More
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter