Skandia sales up 4% in 2007

It says innovative product launches and increasing demand for open-architecture platforms has led to £3.2bn net client cash flows so far this year. The company’s new joint platform, Selestia Investment Solutions, has seen 11% combined growth, to £2bn with funds under management up 20% to £9.6bn. Skandia Investment Management Limited’s (SIML) retail inflows climbed 20% to £1bn, on the back of solid returns from its Aggressive, Balanced and Cautious funds up 89%, 73% and 46% respectively since launch in February 2003. SIML funds under management reached £5.3bn at 30 September, up 23% on th...