Mann pins Skandia growth on restricted advice market

clock

Peter Mann, the chief executive of Skandia UK, has said the firm will target restricted advisers as part of a plan to become an integrated wealth manger.

Last month, IFAonline's sister title, Investment Week, reported Old Mutual Wealth - which includes the soon to be rebranded Skandia businesses - is planning to take stakes in adviser firms which become restricted as part of a major change in its business plan post-RDR. Speaking at the Skandia Trailblazer conference for IFAs, Mann said the size of Skandia's platform was "good, but not good enough". "We created and still own the UK's largest retail platform," he said. "That's good, but not good enough. The trick is to become a wealth manager." Restricted advisers would be key to Skan...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Platform innovation: Terry Huddart on Intelliflo's Wealthlink

Platform innovation: Terry Huddart on Intelliflo's Wealthlink

The tie-up 'could potentially change the game'

Terry Huddart
clock 23 September 2025 • 5 min read
AJ Bell partners with Woven Advice to streamline platform switching

AJ Bell partners with Woven Advice to streamline platform switching

Woven’s system analyses platform and back-office data

Sahar Nazir
clock 16 September 2025 • 2 min read
Are platform model debates becoming too self-serving?

Are platform model debates becoming too self-serving?

Whoever said platform selection was easy?

Chris Williams
clock 10 September 2025 • 3 min read