View more on these topics

Skandia and Selestia announce details of integrated platform

Skandia and Selestia have announced further details of their new investment platform, which combines the current Skandia MultiFunds and Selestia platforms.

The integrated platform will be available to advisers from the summer of 2007 and run by Brett Williams who is CEO of Skandia MultiFunds and Selestia.

The underlying technology infrastructure for the new platform will be based on the current Selestia platform as it offers the scalability to support both growth in business volume, as well as further service and efficiency enhancements in the future.

Skandia and Selestia portfolio planning tools will be upgraded to take the preferred functionality from both Skandia and Selestia’s investment tools. These will cover risk profiling, asset allocation, fund selection and portfolio construction.

The two fund ranges will be brought together and additional new funds and fund groups will be added to meet adviser and client demands.

The range of available tax wrappers will include ISA, PEP, OEIC, Unit-Trust, onshore bond, offshore bond and personal pension. All tax wrappers will offer direct investment into the full range of underlying unit trusts and OEICS.

To support the financial adviser business process the current Selestia pre-sale services, with their new business processing and adviser facing Customer Relationship Management system, will be integrated with the Skandia MultiFUNDS’ post sale administration and portfolio management system.

Recommended

Regeneration gap

If you ask any industry professional, what are the major difficulties their profession will face over the coming 20 years, you will get a whole host of answers depending on their own personal view.

Axa and Winterthur will merge group pensions

Axa and Winterthur are to merge their group personal pension businesses but will continue to run individual personal pension and investment segments separately. Axa announced its 5.4bn acquisition of Winterthur Group from Credit Suisse in June, citing its reputation among high-end IFAs as a key driver behind the deal. It says the decision not to […]

Broker Talkback

Do you agree with calls from FundsNetwork and Standard Life for the FSA to bring in a single key features document for fund supermarkets? Yes “Anything that tidies the process up is a good idea. There is not anything wrong with the current system but it can be a bit confusing at times.” John Kennedy, […]

HSBC to transition UK equity team to multimanager

HSBC Investments has appointed its multimanager team to manage three existing actively managed UK equity funds currently managed by HSBC Halbis Partners. The transition is expected to complete by year end when the group will unveil the specific external managers for the HSBC UK growth and income, income and monthly income funds.HSBC head of wholesale […]

'Feeling the Squeeze'

Royal London carried out a UK wide survey with 2,500 consumers age 35-44 over the summer. The survey found that over a third, 34 per cent, said their finances felt Squeezed and so were struggling to meet day-to-day expenses, despite 87 per cent being aware that they need to save more. However, the survey did […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment