Skandia unbundled platform goes live

The platform is also compliant with the measures expected to be finalised in the Financial Services Authority's (FSA's) platform paper next year, which includes the banning of cash rebates. Its adviser charging option, signed up to by about 8% of clients on the platform, has also gone live. Skandia expects the figure to increase significantly in the coming months. New customers will automatically go on to the new unbundled pricing structure, while existing customers can choose whether or not to move across to the new proposition. "Today is a significant day for Skandia," said manag...