Skandia

Skandia is poised to shake up the managed portfolio market with its suite of cut-price model funds, as the first look at WealthSelect reveals half the restricted range is priced at less than 60bps.

Peter Mann is to retire from Old Mutual Wealth in the middle of 2014.

UK platform Skandia has reported profits of £13m in 2013, up from £2m in 2012, after net inflows of over £2bn last year.

Could the intense price war among D2C platform providers spill over into the advised space? Henry Brennan finds out what it could mean for long-term sustainability.

Skandia is working in conjunction with IFAs on a service which will enable advised clients to use its platform directly in order to top up ISA holdings, Investment Week can reveal.

Skandia has revealed the full list of individual prices on its WealthSelect range, which offers 56 funds with an average AMC of 0.52%.

Skandia has cut Invesco Perpetual High Income from its newly-unveiled 'WealthSelect' restricted proposition, a range which offers funds with an average AMC of 0.52%.

THE BIG INTERVIEW

Skandia has dropped HSBC's £152m ($251m) Frontier Markets fund from its platform because of the timing of its trading days.

Scott Goodsir, head of UK wholesale at BNY Mellon, is leaving his role after 15 years at the company to become head of UK distribution at Skandia.