Skandia

Now we have published our final issue of Investment Week for 2012, we reflect on what has been a rollercoaster year characterised by big changes in the fund management industry.

Skandia is planning to seed its new ‘Select' fund range with substantial institutional money from its life book in exchange for groups surrendering margin to join the exclusive panel of funds.

About 8% of clients on the Skandia platform are signed up for adviser charging ahead of the provider's 18 December launch of its Retail Distribution Review (RDR)-ready charging model.

Old Mutual Global Investors has made four appointments to its sales team, days after Skandia confirmed it is cutting 20% of its sales force.

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

Panic about house prices, asset bubbles and China caught our readers' attention this year, with the views of leading hedgies and controversial industry figures featuring in our list of the 20 most read stories of 2012.

Skandia has cut 20 of its 100-strong sales force as it restructures its financial adviser sales team ahead of the RDR.

Skandia has created an investment solutions team, headed up by James Millard, who will be tasked with creating the group's new 'Select' fund range.

PIMCO has listed 23 funds across a number of IMA sectors, including the £20bn Total Return Bond fund in the Global Bond sector, managed by Bill Gross (pictured).

Skandia has agreed a deal with eight external fund groups whose funds will feature in its restricted panel, Investment Week can reveal.