Skandia is to begin a controlled migration of MultiFunds business onto the new Selestia Investment Solutions platform with a handful of IFA firms starting in September.
IFAonline reported at the start of July that billions of Skandia MultiFunds legacy business was involved in a migration delay nearly a year after the launch of the new Selestia Investment Solutions platform. The group promised advisers in September 2006 that "any existing plans held on the two platforms (Skandia MultiFunds and Selestia) will be seamlessly migrated onto the new platform when it launches". It then intended to move the accounts across on 25 February 2008 but this deadline was not met as the group wanted the transition to be smooth and felt more time was needed. Skandia has...
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