Skandia and Selestia name joint fund platform

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Skandia has revealed the name of its new fund platform will be ‘Selestia Investment Solutions' when it launches in July.

The platform, which will sit within the newly formed Skandia UK business unit, intends to combine the best elements of Skandia MulitiFUNDs and Selestia, which together currently have more than £10bn funds under management. Skandia claims the proposition will be the most comprehensive proposition in the market in terms of the range of products and services it offers, which will include upgraded portfolio planning tools; a comprehensive fund range; online new business processing; a broad range of tax wrappers, and updated portfolio reporting tools. However, further detail on the feature...

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