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Skandia/Selestia merged platform expected imminently

Skandia MultiFunds and Selestia are expected to announce plans this week as to how the merged platform will look.

Details of the combined proposition, hotly anticipated since the acquisition of Skandia by Old Mutual last year, will outline how the wrap platform will look, the range of its features and the team underpinning the new launch.

Chief executive Brett Williams is thought to be leading the platform, which is expected to be based on Selestia technology while capitalising on the strength of the Skandia brand.

The two sets of fund ranges are likely to merge with new funds being added to maximise IFA choice.

The range of tax wrappers available is expected to include Isa, Pep, Oeic, Unit trust, onshore and offshore bond and personal pensions.

Tools look set to include risk profiling, asset allocation, fund selection and portfolio construction.

Both Skandia and Selestia representatives have been unavailable for comment.

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