Skandia

Skandia UK has reported an 18% decline in life sales and a 27% fall in retail unit trust sales in Q1 this year.

Skandia marketing head Billy Mackay will leave the group in the summer to join SSAS and SIPP provider A J Bell.

CEO of Skandia UK Brett Williams, founder of the Selestia platform, is leaving the role to launch a new Wealth Management Unit for the group.

Skandia has appointed eight managers including M&G, New Star and Schroders to manage the retail portion of its risk-targeted multi-manager fund range, Spectrum.

The financial services industry will need a clear distinction between the advisory market and the National Money Guidance Service suggested in the Thoresen Review if the scheme is to succeed, warns Skandia.

Skandia is planning to launch a new range of six risk-based multi-manager funds on 28 April.

Skandia has launched a business consultancy service to help advisers change their business model from a reliance on stand alone product sales to complete financial planning.

Skandia will hold a Best Ideas funds conference in London this month for advisers as European fund launches.

Trailblazer, Skandia's free national roadshow for advisers, is back this spring drawing key experts from across the financial industry.

Skandia Investment Group (SIG) has announced a unique plan to create a multi-manager vehice comprising of 10 alternative asset classes.