Schroders’ range of three multi-manager portfolios is now available through the Skandia platform.The distribution link enables advisers to access the Schroder S&P cautious managed, high alpha and strategic balanced portfolios through Skandia’s life, pension and fund supermarket channels. Schroders says although it gets a lot of direct multi-manager business, a substantial part is also coming from open architecture life comp- any bonds. Schroders says that as it does not provide pensions, a strategic alliance with a firm which does is beneficial as this will help to broaden Schroders’ investor base. Schroders believes its funds were selected by Skandia because their multi-asset strategy is different from many peers and this is backed by top-decile performance since launch. It also regards its exclusive research agreement with S&P as major selling point. Schroders head of sales Neil Bridge says: “Skandia has become one of the biggest life companies in the UK and it is great news that it has recognised what we do. “We will continue to get multi-manager business direct but also, through our distribution partnership, we will get access to a wider market. Skandia probably has about 100 salespeople, whereas we have about 10.”
Pension advisers can bid for customer leads in a scheme developed by Paaleads.com. The lead-generation firm, which last week launched a bidding system in the mortgage market, is set to add pensions on October 24 and claims to be the first lead-generation firm in the pension sector. The system gives priority to the highest bidder. […]
Specialist gay IFA Chris Morgan has sparked a war of words with Ivan Massow, claiming advice given to the gay community between 1990 and 2000 is now resulting in a flood of misselling complaints. Morgan, managing director of Compass, says many gay people face significant shortfalls in their mortgage endowments and pension policies as a […]
Bankhall has introduced a compliance service that all- ows members to conduct file checks online. The service, launched at its Berlin conference, has three formats – a full review, suitability review or pre-sale review. Costs range from 30 for a pre-sale or suitability review on non-investment products to 75 for an investment, pension or mortgage […]
The stormy shores of Dorset were not the most inviting of places last week for anyone trying to wring financial services policy details out of David Cameron’s cuddly sunshine Tories.
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