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Skandia gets supermart deal from Framlington

Skandia has sealed the exclusive supermarket rights for the launch of Framlington&#39s new biotech fund in a bid to keep itself at the fore of the competitive IFA distribution arena.

The deal means that Skandia will be the only fund supermarket to offer the new product, which launches on Monday, until the end of December. It will also have the exclusive rights to link to the fund on the life and pension side until the end of the current tax year.

The move comes as Skandia gears up for the launch of its investment hypermarket, My Multi-Manager, on November 23, which will see its life and pension products available online for the first time. Skandia claims the new platform will be the first to offer IFAs the ability to view all investments within their client portfolios in one place – from Isas and Peps to pensions and onshore bonds.

The new platform will enable IFAs to enact bulk switching transactions across multiple client portfolios from early in the new year. IFAs can register for the new service from November 1.

The developments reinforce Skandia&#39s intentions to be a leader in the IFA distribution market and propel them ahead of rival Old Mutual&#39s newly launched Selestia platform.

Skandia marketing and technical manager Colin Jelley says: “The key point is that all IFAs can use this service in any way that suits their own business. They can come at it from a straight product perspective and create multi-manager pensions or bonds for example or they can focus on constructing tailored investment portfolios for clients and then shelter different parts within an appropriate tax wrapper.”


Teather & Greenwood launch VCT

Teather & Greenwood is launching its first venture capital trust, which will invest in a spread of established AIM quoted companies.Bert Wiegman, founder of European Acquisition Capital, will be chairman of the T&C AIM VCT board. Former Perpetual UK Smaller Companies Investment Trust chairman and GT Unit Managers managing director Jamie Berry will also be […]

Inside the internet

If you had the chance to sneak a look at how your competitors were performing behind the scenes, would you pass it up? Unlikely.An online service called ebusinessassurance enables firms to monitor their own internet service performance and their rivals.The service sits behind the website and observes its progress. It can check if the service […]

Healthnow goes for the group PMI market

AIG Europe has designed the healthnow plan for the group budget private medical insurance (PMI) market.Healthnow is aimed at small to medium-sized companies in the UK with between five and 200 employees.Premiums start from £7 a month for a male aged 18 and cover is available for a total of 128 procedures that have the […]

McLatchie to be MD at Aegon

Aegon Asset Management is set to appoint Colin McLatchie as its new managing director, replacing current boss Russell Hogan.McLatchie is chief operating officer at AAM and is thought to have won over Aegon bosses ahead of external candidates for the role.Hogan is stepping down as managing director in January to take up a theology course […]


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