Skandia will close its MultiFUNDs platform to new business at the end of the year as the company shifts emphasis to its Selestia Investment Solutions proposition.
Existing plans can still be topped up after 1 January, while the platform will continue to be maintained and supported by Skandia's technical and customer service teams. In September, the company began a controlled migration of MultiFUNDs business onto the new Selestia Investment Solutions platform with a handful of IFA firms. IFAonline reported at the start of July 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. Skandia says clients on the MultiFUNDs platform will be mig...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
