Skandia has justified its decision to introduce a £50 annual charge per client on the new Selestia Investment Solutions platform.
The platform combines the best of Selestia and Skandia MultiFUNDS but will be more expensive for existing Skandia users who currently do not pay an annual charge. Selestia users will benefit however as their annual charge for the platform will fall from £81.10 to £50. Skandia says it believes the charge is justified as users of the new platform will benefit from a greatly enhanced proposition including access to 900 funds and a number of e-business services and investment tools. Billy Mackay, Skandia UK head of marketing, comments: “ Had we not introduced something new and the new platf...
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