Skandia finally completes MultiFunds migration

Originally, Skandia hoped all Multifunds business would be ready to be transfered following the integration of the Skandia and Selestia platforms, which relaunched on 15 August 2007. The merger followed the purchase of Skandia by Selestia’s parent Old Mutual in early 2006. This transfer date was deferred with Skandia then hoping to move the accounts across by 25 February 2008. However, the scale and complexity of the migration meant more time was needed. The MultiFunds platform closed to new business at the end of 2008 but existing plans were still available for top-ups after this da...