Skandia adds Artemis and Invesco Perpetual to restricted panel

Skandia has agreed terms with Artemis and Invesco Perpetual to add its funds to its restricted panel launching next year.

The managers complete the line-up for the new investment, named ‘Select'. It includes funds from Old Mutual Global Investors, along with Aberdeen, BlackRock, BNY Mellon, Fidelity, Henderson, J.P. Morgan, Schroders and Threadneedle. The Select fund panel, first revealed by Investment Week last month, is believed to comprise around 50 mandated funds that Skandia said will cover all major asset classes. It plans to use its scale to negotiate discounts with managers that it hopes will then attract a raft of new restricted advice firms to the platform. In exchange for surrendering margi...