Selestia boosts platform with life fund debut

Selestia, the Old Mutual-backed intermediary fund supermarket platform, is launching a life company in April, subject to regulatory approval. Selestia Life will allow the platform to offer funds via onshore bond wrappers and will be followed by pension wrappers in July. Bill Vasilieff, marketing director of Selestia, said: 'We also plan to launch an offshore bond product using Old Mutual International.' The Guernsey-based sister company will enable Selestia to add further wrappers without having to establish its own offshore subsidiary. The offering of different wrappers is just an ...