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Skandia to launch new income multi-manager range

Skandia is launching a range of four income multi-manager funds towards the end of the month.

They will be branded Generation funds and run by fund manager John Ventre.

The funds are called Generation 3:4, Generation 3:6, Generation 4:4 and Generation 4:6. The first figure represents the capital growth aim, which is CPI plus a percentage; the second figure is the yield.

A Skandia spokesman says: “There is demand from investors for income, with interest rates as low as they are at the moment.”

Hargreaves Lansdown investment analyst Richard Troue says: “Setting out targeted returns can help advisers build portfolios for investors.”

Skandia parent company Old Mutual announced this week it is merging the Skandia businesses within the Old Mutual group into a single business called Old Mutual Wealth. Skandia UK, Skandia International and the Skandia European businesses outside the Nordic region will adopt the Old Mutual Wealth brand over the next two years.

Old Mutual’s recently merged asset management business, comprising Old Mutual Asset Managers and Skandia Investment Group, will come under Old Mutual Wealth but will be branded as Old Mutual Global Investors.



PosSol reviews social media policy

Positive Solutions is reviewing its policy on social media and internet blogging after it was criticised for imposing tough restrictions on advisers. PosSol partners are allowed to sign up to personal social networking sites and confirm they are financial advisers, but must get compliance approval before using the sites to advertise their business services. Partners […]


UK investor group makes bid for Portsmouth FC

A group of UK-based investors has submitted a formal bid for Portsmouth Football Club, aided by Avalon director Harry Kerr. According to the BBC, the group, called Portco Ltd, is claiming to have shown Portsmouth’s administrators PKF bank statements totalling £6.47m as proof of funds. The BBC reports however that ex-owner Balram Chainrai’s firm Portpin […]

ASA complaint leads Spicerhaart to remove yet another advert

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FSA’s UCIS restrictions missing some detail

The FSA has been reviewing the invitation list for the pooled investment party and thinks it is over-subscribed. Increasing numbers of retail investor have been jumping into the shark-infested waters of unregulated collective investment schemes, so on 22 August, the FSA announced its intention to shut down the most widely used promotional channels. The proposal […]

Choose life…

Sarah Scott  – Marketing Consultant, Royal London  This month sees the return of Renton, Sickboy, Begbie and Spud in the sequel to the film Trainspotting. Just over 20 years later, we return to see exactly how life treated the characters whose lifestyle was less than ideal back in 1996. Did they choose a job, choose […]


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