Skandia smashes £25bn mark

This level was achieved through the group’s open architecture fund range (Self Select). These assets span all Skandia’s product lines, both onshore and offshore, including pensions, protection, bonds and fund supermarket (ISA, PEP and unwrapped fund holdings). The figure makes up the majority of Skandia’s total funds under management of £31bn. The group said passing £25bn demonstrates the increasing demand from advisers for products that give them access to funds from multiple managers. Skandia expects this trend to continue as advisers look to construct individually tailored...