Skandia UK has passed the £25bn funds under man- agement mark for the first time.The company says this makes it the biggest multi- manager business, having pioneered open architecture more than 15 years ago. The £25bn is spread across its self-select fund range, which currently offers more than 400 funds from over 40 fund managers, and spans all product lines. By way of comparison, Fidelity, the UK’s biggest fund manager has £30bn in assets under management although Norwich Union, the biggest insurer, has £291bn. Chief executive of Skandia’s asset management division Jamie Macleod says: “£25bn is a fantastic milestone and really puts the scale of Skandia’s open architecture business into perspective. It makes us the biggest provider of multi-manager investments in the UK.” Paul Duckworth IFA proprietor Paul Duckworth says: “I am a big fan of open architecture and Skandia should be applauded for coming up with the idea of open architecture. If it can keep pace with change, it will continue to be in a good position.”
Invesco Perpetual is launching a free online intermediary training website to provide IFAs with access to up-to-date market views round the clock. The portal includes video and audio webcasts.
Gartmore has made two senior appointments to its global emerging markets team.Sebastian Barry-Taylor joins next month as global emerging markets analyst covering the global consumers sector. He was previously at JP Morgan where he was vice president LatAm and CEMEA. Richard Clode joins from Herald Investment Management in January as global emerging markets analyst covering […]
This week by personal finance reporter at The Daily Telegraph Faith ArcherMonday marked my first day back in the office after a week in New York celebrating an old friend’s wedding.
Prudential delivered a mixed set of interim results, with double-digit growth in UK retail sales offset by a fall in the wider group’s domestic business. The firm reports that UK retail annual-premium equivalent sales increased by 11 per cent to £485m over the first nine months of the year compared with 2005. This was buoyed […]
Flexible benefits platforms are becoming increasingly popular, with 80% of employers with more than 100 employees offering some form of flexible benefits scheme, compared with just 11% a decade ago. However, global mobility of employees is on the rise, with nearly 57 million expats predicted by 2017, which can add further complexity to your picture.
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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
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