Mann pins Skandia growth on restricted advice market

Skandia CEO Peter Mann has said the firm will target restricted advisers as part of a plan to become an integrated wealth manger.

Last month Investment Week reported Old Mutual Wealth - which includes the soon to be rebranded Skandia businesses - is planning to take stakes in adviser firms which become restricted as part of a major change in its business plan post-RDR. Speaking at the Skandia Trailblazer conference for IFAs, Mann said the size of Skandia's platform was "good, but not good enough". "We created and still own the UK's largest retail platform," he said. "That's good, but not good enough. The trick is to become a wealth manager." Restricted advisers would be key to Skandia's future growth, he adde...