Skandia Life brand pulls in Professional

The Skandia Life brand will be extended to the product range of the group's UK subsidiary Professional Life from the start of next year. The move will lead to a consolidated business with some £3.2bn under management and a total of 150,000 policyholders. Some £500m of this, along with 25,000 policies, will have come from Professional Life. There will be no job losses as a result of this, said the group. Peter Jordan, pensions brand manager at Skandia Life said: "Since the RU64 in 1999 which brought radical changes to the pensions market, we have revamped our Skandia Life products to si...