Skandia hit by delays after Honister pile-up

The Honister collapse has led to delays in processing times, as advisers contact the provider to set up new agencies and transfer clients. Informed Choice director Martin Bamford said he was quoted 25 days to process a letter of authority to Skandia Investment Solutions. The firm had been "overwhelmed" by transfer of agency requests, which have been held up by Honister administrator Grant Thornton, he said. "The floodgates have opened and [Skandia] was talking about ten times the volume [of work]," he said. "The transfer we are having the delay on was an ex-Honister IFA who we...