Skandia has secured an average annual management charge (AMC) of 0.52% on its restricted WealthSelect range.
The range comprises 42 funds managed by Aberdeen, Artemis, Blackrock, Fidelity, Henderson, Invesco Perpetual, JP Morgan, Newton, Schroders and Threadneedle, as well as a series of Old Mutual funds. It will also include a selection of passive funds. The group has secured super clean preferential pricing on the funds in the range, with asset managers likely anticipating increased flows as a result of their funds' inclusion. An average AMC of 0.52bps is fractionally lower than the 0.54bps Hargreaves Lansdown has secured for funds on its Wealth 150 Plus list:HL's 27 'favourite' funds due ...
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