Skandia director of investments to step down

Millard was appointed head of the investment solutions team in December and was initially involved in the creation of the focused Select fund range. The running of the managed portfolio service - part of the Select proposition - will be turned over to John Ventre's multi-asset team at Old Mutual next year. A Skandia spokesman said: "As we prepare for the launch of our new Wealth Select proposition next year we have taken the decision to run the managed portfolio service that will be part of that proposition within Old Mutual Global Investors. As a result James Millard has decided to l...