Skandia

Billy Mackay has returned to Skandia to head up its life and pensions marketing division.

Five of the UK's financial services fund platforms have joined together to create a committee aimed at building industry-wide standards.

The majority of advisers recommend clients reduce the sum assured rather than buy a cheaper critical illness policy where price is a barrier to taking one out, according to Skandia.

This is not meant to be a cheap barb - quite the contrary - but it is a question which sums up a branding conundrum.

Skandia has announced a number of internal changes as it continues its integration with Old Mutual.

Now the Finance Act 2006 has received Royal Assent, advisers should embrace the new legislation which has created "significant business opportunities".

Investment IT provider Selestia is on the cusp of sorting out the final details of an architecture integration with Skandia.

Skandia's group investment director is leaving Skandia after 26 years with the firm.

Old Mutual (OM) says Skandia's funds under management will double over the next five years.

Lars-Eric Petersson, the former chief executive of Skandia sacked over his role in covering up the true cost of executive bonuses, has been sentenced to two years in prison.