Skandia creates two new support teams for IFAs

Skandia has launched two new support teams to help advisers.

The technical support team, made up of 13 specialists, will provide support to financial advisers dealing in pensions, platform, trusts and tax, and protection.

The new nine-strong online team will help IFAs maximise the benefits of using the Skandia Investment Solutions platform.

In November last year Skandia proposed to close nine regional adviser support offices. At the time of the proposed closures, Old Mutual denied that cutbacks in Skandia’s IFA support is a precursor to a sale.

In December, Moneymarketing.co.uk revealed that Skandia UK’s chief operating officer John Tomlins, finance director Simon Lloyd and platforms delivery director Tim Mann were made redundant. Skandia Investment Group, Steve Kowal and head of investment research Tom Berger also left the firm.

Skandia chief development officer Peter Mann says: “The formation of these two new teams is part of our wider support service for financial advisers.”

Recommended

Just Retirement sales up 26 per cent

Just Retirement recorded an increase in sales of 26 per cent to £446.1m for the six months to December 2009, up from £353.9m the previous year.

4

Charging myths

So many myths surround fees. The RDR is proposing to introduce adviser-charging. There is a big difference between adviser-charging and fee-charging. With the latter, you charge for advice regardless of whether your customer implements that advice by purchasing a financial product. With the former, you could continue to work on a speculative basis and only […]

Taking stoch of retirement

Stochastic modelling, constructing investment portfolios, two-tier advice and the divide between public and private pensions proved to be the basis of a contentious debate.

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment