Skandia shuts CI and MultiBOND

Its unit-linked pension range will remain open for fee-based sales, but it will be kept under review in the run-up to the new rules coming into effect with the RDR. The company says it is preparing to close some of its older style policies to new business in line with changing demands of customers and financial advisers ahead of the rule changes. Skandia says it will maintain a high level of service for existing customers who will still be able to top up their investments and make increments in line with the terms and conditions of their policies. Skandia's Maximum Investment Plan ...