Skandia goes live with monocharge pension range

Skandia is going live with quotations and literature for its forthcoming monocharge pension range from 18 August. As exclusively revealed in Investment Week, the range will remove the bid/offer spread from the charging structure and enable intermediaries to tailor their commission packages as they see fit. Personal and group pension and drawdown products will be available from launch. Skandia will charge a flat 50 basis points fee for group pensions, levied through unit deductions, and the manager's charge will be the only fee charged to the fund.