Skandia

Skandia Investment Group (SIG) has appointed Polar Capital to run a £10m mandate for the Skandia UK Strategic Best Ideas fund.

At least £18bn of equity tied up in houses and flats is expected to be released from property in coming years, with investors expected to spread this money across a range of asset classes, according to Skandia.

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.

Skandia has appointed two regional sales managers to provide accessible local support for financial advisers.

Customer Agreed Remuneration (CAR) could result in an 'unauthorised payment' and tax penalties if applied to pensions contracts, warns Skandia.

Skandia Investment Group (SIG) intends to launch three new US equity funds into the UK market.

Only one in ten advisers has the FSA authority to rebalance portfolios without having to first contact the client, research suggests.

Skandia Life is pulling out of the SSAS pension market and transferring its business to specialists Rowanmoor Pensions.

Only 10% of advisers would look to purchase an annuity with the whole amount of their pension savings, according to Skandia.

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.