Skandia/Selestia wrap to adopt bundled pricing

Following a report published last week by Morgan Stanley insurance analyst Jon Hocking, Skandia officials say contrary to “rumour” suggestions set out in the report, the firm is not intending to implement a flat fee charging structure for holding client assets on the platform, but is intend more likely to seek a bundled fund management and platform charge. According to the report, the new Skandia-Selestia to be unveiled this summer is rumoured to “operate a ‘Transact-style’ charging model”, ie charge an explicit basis points fee from the client’s assets for its administration services. Ho...