Skandia u-turns on decision to dump Invesco for Woodford

Skandia said the decision was the result of listening to financial advisers. "Many financial advisers have told Skandia that they want to remain invested in the Invesco Perpetual funds and asked that the funds remain open," it said in a statement. Yvonne Goodwin of Yvonne Goodwin Wealth Management branded the situation an "unnecessary waste of time", which caused a review of affected clients and advising to a switch elsewhere within the same contract. "I think Skandia totally misjudged the fact that advisers are the ones with the relationship with the clients and responsible for gi...