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Skandia moves existing MultiFunds business to Selestia Investment Solutions

Skandia is to transfer existing business from its Skandia MultiFunds platform onto its Selestia Investment Solutions platform.

The provider says the move, which will begin in September, is in accordance with feedback from advisers.

A dedicated team has been set up by Skandia to support advisers throughout the move and ensure a smooth transition of policies.

Skandia head of platform marketing Peter Jordan says: “Through working with advisers we have identified that demand exists to move a controlled number of advisers to ensure not only the technology, but the support and administration required are fully tested. We hear a very clear message from advisers that their key requirement is we should manage the process prudently and there is no need to sprint to finish.”

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