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B&B signs multi-manager deal with Skandia

Bradford & Bingley has signed Skandia Investment Management as a multi-manager supplier to add to its deal with Axa.

The move gives access to fund groups such as Threadneedle, Fidelity and Liontrust. The Axa select funds and Skandia actively managed funds will be available through B&B&#39s independent wealth advisory services which include the Marketplace at Bradford & Bingley, Charcol and Charcol Holden Meehan.

Skandia actively managed funds involved in the deal include SMIL cautious, balanced, aggressive, equity income and bond income. Annual charge for the Skandia actively managed funds is 1.25 per cent.

Skandia Investment Management chief executive Jamie MacLeod believes Skandia&#39s investment structure allows it to combine the manager of manager and fund of funds approaches to investing, so it can offer B&B&#39s clients the widest choice of investments across retail and institutional markets within a single fund.

B&B group financial services director Roderic Rennison says: “We felt Skandia&#39s position and performance in the market would further evolve our multi-manager offering.”

MacLeod says: “Bradford & Bingley chose us as a partner after several months of duediligence investigation.”

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