View more on these topics

Skandia wins battle of the supermarkets

Skandia&#39s fund supermarket is the most popular among IFAs, coming ahead of Fidelity&#39s Funds Network, Cofunds and Selestia, according to the State of the IFA Nation poll.

The survey found that 44 per cent of IFAs prefer Skandia compared with 29 per cent who opted for Funds Network and 26 per cent who chose Cofunds. Five per cent named Selestia, 2 per cent Transact and 1 per cent Sterling.

Skandia says the result is recognition of its position as the creator of the fund supermarket sector in 1994. It says it has proactively promoted itself to IFAs and developed a range of interactive tools to increase its market share to 10.6 per cent last year from 6.2 per cent in 1999.

Selestia says it is happy with its result, saying it shows what the fund supermarket has achieved in the 18 months since launch, and that its plan has always been to develop good relationships with a small number of IFAs rather than go for whole market coverage.

One Account head of marketing Scott Mowbray says: “I would say Skandia comes out top because it provides the most comprehensive range of fund information. It also provides a range of support services to enhance the service that IFAs provide to their clients. It is seen as the original and best among IFAs.”


War threat takes toll on house price confidence

Uncertainty over possible war with Iraq took its toll on house price confidence last month despite the recent 0.25 per cent cut in base rate, according to the Woolwich.Its consumer confidence research for February found that 55 per cent of the 1,000 people questioned believe house prices will fall compared with 53 per cent in […]

SPML completes £350m securitisation

Southern Pacific Mortgage Limited has completed a securitisation of £350 million of its mortgage assets, consisting of 85 per cent first charge and 15 per cent second charge loans. The securitisation was led by Lehman Brothers and also managed by Barclays Capital and NIB Bank. Of the total loan book, 95 per cent were rated […]

Lambeth lets the loan take the strain

Lambeth Building Society is opening its first mortgage shop at the world&#39s busiest railway junction.Its Clapham Junction branch will be open for longer hours than its normal branch operating times, closing at 7pm on weekdays.On Saturdays, potential borrowers can make appointments until late afternoon as the branch will operate flexible hours which it says will […]

S&P looks at rating pension funds

Standard & Poor&#39s is looking at giving financial strength ratings on occupational pension schemes which it says could make it easier for IFAs to advise on transfers.The international rating agency suggested the move at last week&#39s National Association of Pension Funds conference in Edinburgh. It could look at asset allocation and exit penalties, much as […]


Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.


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