Skandia

Two-thirds of advisers think the annuity system is "failing consumers" which is leading many to consider drawdown as an alternative route for clients, according to Skandia's latest adviser poll.

Cofunds was the largest UK adviser platform in Q3, in terms of assets under administration (AUA), and has since become the first £60bn fund platform in the UK.

Old Mutual Global Investors (OMGI) has reported rising net sales in the third quarter, which it atttibuted to strong flows into its new UK Alpha fund for former Schroders' head of UK equities Richard Buxton.

Adrian Walker discusses the advice challenges and opportunities surrounding changes in capped drawdown limits

If an individual hold assets offshore, a crackdown on tax evaders who use overseas havens to shelter money could leave loved ones open to the risk of receiving an unexpected tax bill on the individual's death.

Skandia has abandoned plans to buy small stakes in IFA firms following conversations with the Financial Conduct Authority (FCA) in which the regulator said it was "uncomfortable" with the idea.

APPY TIMES

Skandia has integrated with the Morningstar Adviser Workstation in order to help advisers with client portfolios analysis.

UK equities overtook global specialist funds to become the second most popular asset class on the Skandia platform in the third quarter, with multi-asset funds remaining in the top spot.

Old Mutual Wealth has named Peter Mann as vice chairman and Steven Levin as global head of distribution.