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Williams is joining Cofunds as chief exec

Skandia’s Brett Williams is to join Cofunds as chief executive by the end of the year.

Williams is head of Skandia’s wealth management business and the founding chief executive of Selestia, which merged with Skandia following the Old Mutual acquisition in 2005.

Earlier this week, Skandia revealed it would be ditching the Selestia brand and developing a full wealth management wrap under the Skandia Investment Solutions banner, headed by Skandia UK chief executive Nick Poyntz-Wright.

Cofunds’ current chief executive Charlie Eppinger is to continue as chairman following Williams’ appointment. Cofunds is looking to support advisers with a range of commission and fee structures and it hopes that Williams’ exper-ience will help with this dev-elopment.

Norwest Consultants principal Harry Katz says: “The Selestia culture and service was not a patch on Skandia’s. If Williams tries to fit in with the Cofunds culture, that is fine but if he tries to impose that of Selestia, I won’t be very relaxed.”


Woolwich warns on fast-track abuse

Woolwich is warning that it will take action against mortgage intermediaries who abuse its fast-track process. The lender says it will not hesitate to provide details to the FSA for investigation where necessary.


Case study: administration — managing group life schemes

Our client leads the global market in high-tech electronics manufacturing and digital media. The trustees of the company’s final salary pension scheme insure death-in-service lump sum and dependants’ pension death benefits for active employees, as well as dependants’ pension benefits for deferred members (those who have left service).


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