Skandia tops Q1 platform sales

The Lipper FMI first quarter platform report revealed total sales saw a marginal increase of 1.2% over the previous quarter, despite continued economic uncertainty. Unwrapped business continued to dominate, accounting for 47.6% of gross sales. Pensions were the second largest product area (24.6%), followed by ISAs (20.3%) and bonds (7.5%). "In Q1 2009, Skandia took pole position for quarterly gross sales for the first time in a year, indicating that the removal by Skandia of its front-end margin via its fund platform in September 2008 has begun to have a positive impact on sales flows,"...