Skandia

Old Mutual Wealth, comprising Skandia and Old Mutual Global Investors, reported assets under management rose by 8% in Q1 to £74.5bn, driven by stronger performance in areas like its international business.

Skandia has said its discounted fund panel Select will not be affected by the Financial Conduct Authority's (FCA's) final rules on platforms, despite a ban on subsidies.

Fidelity FundsNetwork has narrowed the gap to Skandia in the latest update of a platform leaderboard ranking providers by assets under administration (AUA).

Skandia has expressed fresh doubts about negotiating preferential share classes with fund managers, instead focusing on launching unbundled share classes that will continue to pay rebates.

Skandia has launched a critical illness (CI) product as many advisers "re-prioritise" protection following changes to retail investment advice made after the Retail Distribution Review (RDR).

Fiona Murphy looks at how income drawdown is changing and likely to develop in the future

Recent events in Europe around the liability of depositors in Cyprus bailing out the island's troubled banks have left investors nervous about the security of their own investments in Europe's banks.

Senior portfolio manager Ryan Hughes will leave Skandia in the coming months to pursue a new opportunity in the industry.

Platforms may be forced to abandon plans for ‘super-clean' share classes as the number of firms demanding the special terms continues to rise, according to a consultant.

Cofunds has joined Skandia, Standard Life and Axa Elevate in lobbying fund managers for "super clean" share classes.