View more on these topics

Skandia opens umbrella

Skandia is bringing together some of the biggest funds from a variety of managers under an Oeic umbrella in a move it claims will be unique in the market.

From the end of April, Skandia will consolidate a number of top-performing funds, including life, pension and international, from a range of fund managers into the Oeic – although it will continue to offer the funds in their own right.

Skandia will select – and deselect – managers to run each sub-fund of the Oeic on the basis of performance determined by its own investment research, taking the process out of the hands of IFAs.

It claims this will enable it to give IFAs access to a new type of fund not offered by its competitors.

Group investment director Jim Roberts says: “We have decided to consolidate the assets we have with a number of fund managers through an Oeic. Administratively, it will be easier to run and it will give access to a fund that will be unique in the market.”

Plan Invest joint managing director Mike Owen says: “As research becomes more onerous I could see a lot of the IFAs who go through Skandia using this operation. But at this stage I do not know if it is unique, it has many fund of fund elements and looks a lot like the Credit Suisse model.”


Bolton backlash in rates for fees row

Sub-prime lender BM Solutions&#39 head of lending Michael Bolton has been criticised by rivals after accusing them of charging borrowers excessive interest rates to pay brokers higher procuration fees.He provoked the wrath of rivals by hitting out at the practices of “traditional sub-prime lenders” at the Efficiency & Excellence in Mortgage Processing conference in London […]

CII launches new online service

The Chartered Insurance Institute is launching CII Research Online to make its reports available over the internet. The CII claims a research paper last year was downloaded by 30,000 people in more than 110 countries.Reports can be downloaded for a limited period for £10, or bound copies can be ordered online, including “Retirement planning in […]

Village people see home values rise

One-third of first-time buyers would have reconsidered the location of their home if they had been given more information before they moved in, according to research from Virgin One.Its Cappuccino Test report questioned homeowners and estate agents on what makes an area up and coming, how they spot prosperous areas and the top turn-offs of […]

Brown rules out PMI tax cuts

Chancellor Gordon Brown has ruled out using tax breaks to incentivise people to take out private medical insurance.Speaking to the BBC&#39s Today Programme this morning, Brown reaffirmed the Government&#39s position towards the role of the private sector in improving the provision of healthcare. He said raising taxes to further fund the NHS was the answer […]


Guide: what you need to consider for your auto-enrolment project

In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm