View more on these topics

Selestia aiming for 50bn on platform

Selestia Investment Solutions aims to increase the assets on its platform from 30bn to 50bn within five years.

UK business unit chief executive Brett Williams says platforms must have deep pockets and be able to manage their scale. He says many entrants will be unable to compete on one or both of these elements.

Williams says many traditional life and pension comp-anies fail on wealth management. He says: “You cannot gain share if your technology is not scaleable. I think it is possible that we will have 50bn on the combined platforms by 2013.” Williams says IFAs see traditional life offices as transact-ional businesses while platforms should aim to build relationship-based propositions.

He says: “It is harder for new entrants because they have got to have scale and that is expensive. Traditional players can afford it but are they what IFAs want? You have to work to achieve that.”


A busted flush?

After pulling in masses of money back in the second half of 2006 and the early part of 2007 it appears Skandia’s best ideas notion has run into the wall as the credit crunch continues to loom over the industry.

Goldman Sachs pensions buyout subsidiary announces first deal

Goldman Sachs subsidiary Rothesay Life has announced its first buy-out deal with the purchase of the Rank Group Pension Scheme, which has assets of around £700m.It is thought to be the biggest transfer of pension scheme liabilities in the UK to date.Rothesay Life chief executive Addy Loudiaids says: “The Rothesay Life approach is to use […]

Sense of justice

The recent court case involving a firm of advisers and the Financial Ombudsman Service has swivelled the spotlight back to the injustice and fundamental unfairness of the dispute resolution system under which firms labour.

Bonds in 2017: Stick or twist?

Royal London Asset Management Bond Fund Managers Paola Binns and Craig Inches look at why short duration could be a key tactic for fixed income investors during 2017. Read the full article here The value of investments and the income from them is not guaranteed and may go down as well as up and investors […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm