Ferguson pans Skandia's restricted plans

Last week, Skandia CEO Peter Mann said the firm wanted to become "a wealth manager", which could include a restricted fund panel. Speaking at the Platforum conference, Ferguson (pictured) said: "I want to give advisers more control rather than less. "At the other end of the spectrum, one legacy platform is seeking to knock together a restricted proposition which it can then pump out through what it calls ‘distributors'." "Why would a restricted adviser firm want to pass the commercial benefit of being restricted straight to a platform? I just don't get it." The current state of ...