Skandia

Adrian Walker discusses how new drawdown rules could trigger an advice point for pre-A-Day drawdown clients close to LTA threshold

The Financial Services Authority (FSA) is planning to ban rebates on legacy business which are paid by fund groups to platforms from 2016, in a move which will shake up the platform industry and force providers to charge groups for additional services....

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

Advisers are equally split on whether the Retail Distribution Review (RDR) will have a beneficial impact on the industry, according to Skandia.

Old Mutual Wealth CEO Paul Feeney has dispelled worries about the effects of re-registration on the group's Skandia platform after it made a £2m profit, arguing rivals are behind the curve when it comes to facilitating electronic transfers.

Skandia, one of the UK's largest platforms, has reported a £2m profit in 2012 following a surge in funds under management of 20%.

Colin Jelley has returned to Skandia as head of wealth planning following a brief stint at St James's Place (SJP).

PLATFORMS

Skandia has announced the full list of funds which will make up its Select range, following months of negotiations with fund groups.

Old Mutual Global Investors (OMGI) is proposing to merge away the Skandia UK Best Ideas fund of funds next month, Investment Week can reveal.