Old Mutual International has completed a rebrand of its business, dropping the historic Skandia brand, and has outlined plans for a new researched fund range following the acquisition of Quilter Cheviot.
Investors using direct to consumer platforms are now among the largest shareholders in investment trusts, as a post-RDR revival for the sector gets underway.
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The Skandia name is to disappear as the group rebrands as Old Mutual Wealth across all UK operations.
Standard Life Investments has appointed James Millard to work within its MyFolio Fund Solutions team.
Skandia has reversed its unpopular decision to close mirror versions of the Invesco Income funds after an outcry from advisers.
Old Mutual Wealth chief executive Paul Feeney has contacted clients to defend a decision to shut the Skandia Invesco Perpetual income funds, pointing to "truly exceptional circumstances" following Neil Woodford's departure.