Skandia eyes co-branding deals as profits fall

Skandia UK has revealed plans to offer advisers the chance to co-brand the platform, as well as expand the range of services customers can directly access on its platform, amid a fall in profits.

The business, part of Old Mutual, announced the plans alongside its financial results, which showed pre-tax profits of £103m in 2011, down from £140m in the previous year. It said it is talking to advisers about the proposals, which would allow customers to execute ISA applications and top ups and get consolidated valuations of non Skandia investments. At present, customers can access investment valuations, switch funds and redirect regular investments into different funds via Skandia's website. They also have online access to their personal documents, such as contract notes and confi...