Feeney: Skandia Select range will challenge DFMs on price

Feeney, the chief executive of Old Mutual Wealth, which owns platform giant Skandia, said the range can challenge many model portfolio propositions offered by discretionary wealth managers by taking them on in their own backyard at “prices they cannot match”. The Select range is made up of about 50 funds from leading fund groups, including BlackRock and Aberdeen. While the line-up is not finalised, the range will see popular managers from the groups running versions of their existing portfolios on a sub-advised basis. Feeney, who is spearheading Skandia’s conversion from one of the la...