Selestia

Graham Bentley has quit Skandia in the fallout from the group's merger with Old Mutual.

On his first anniversary since taking over as Cofunds CEO, Brett Williams explains how he has shaken up the platform business.

Skandia will outlaw paper applications for most transactions on its Selestia Investment Solutions platform from January 2009.

No IMA sector was able to generate an average positive return in September, with a flat result for the Money Market category providing the only respite from last month's stock turmoil.

Advisers have begun to reduce the initial commission they charge in favour of enhanced recurring remuneration, new Skandia analysis reveals.

Skandia is to remove the entire front end margin it receives via the Selestia Investment Solutions platform from 15 September.

Skandia is to begin a controlled migration of MultiFunds business onto the new Selestia Investment Solutions platform with a handful of IFA firms starting in September.

Novia, the new wrap launched by Selestia co-founder Bill Vasilieff, has recruited three new members for its sales team.

Novia, the new wrap provider set up by Selestia co-founder Bill Vasilieff, has appointed a director of sales and a regional sales manager for the North East.

Skandia MultiFunds' legacy business - billions of pounds accumulated over 20 years - is still not migrated onto the new Skandia Investment Solutions platform nearly a year after launch.