Selestia

Specific details on how Selestia is to be integrated into Skandia are unlikely to be revealed before a meeting planned for 20 June involving Old Mutual chief executive Jim Sutcliffe, Skandia chief executive Julian Roberts and company and equities analysts....

Selestia has announced the launch of its Collective Retirement Account following approval from HM Revenue & Customs (HMRC).

Selestia has entered the pensions market for the first time after receiving the relevant permission from Her Majesty's Revenue and Customs (HMRC).

Several industry spokespeople have expressed disappointment Chancellor Gordon Brown did not announce a review of ISAs in his budget, particularly as the end of the 10 year period is fast-approaching.

Sales growth figures published in the past few days by both FundsNetwork and Selestia suggest use of ecommerce trading has increased in line with the rises seen in stock market indices and higher levels of equity trading.

It has just been announced Brett Williams will head up the two technology platforms currently offered by Selestia and Skandia while the parent group completes its review of the company structure.

Old Mutual says it will merge the open architecture systems by Selestia and Skandia and cut costs at Bankhall if its bid to buy Skandia Group for £3.3bn is successful.

Selestia has managed to double funds under management sold through its funds supermarket platform, Old Mutual results show.

Selestia is unveiling a number of changes to its transaction platform which will require clients to pay a flat fee each year to use the wrap service.

Initial reaction to depolarisation rules published this week have been cautious.