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Woodford fund included in Skandia Wealth Select range

Skandia has confirmed Neil Woodford will be handed a mandate on its Wealth Select range later this year and his new fund will be made available through the fund platform this month.

Money Marketing reported in April that the platform was in talks to add Woodford’s new venture to the researched funds range. 

The CF Woodford Equity Income fund will first be made available through the Self Select range on the Skandia platform from June 20. It will be priced at 0.65 per cent through both channels and be incorporated into portfolios on the Wealth Select range later in the year. 

The platform launched Wealth Select in February offering managed portfolios based on 60 underlying fund mandates, with some secured at a discount price.

Skandia head of investment solutions Dean Bowden says: “We are committed to offering financial advisers and customers access to the very best fund managers at a highly competitive price.

“Woodford Investment Management has a proven investment approach which will be in high demand from financial advisers so we are pleased to have secured a great price for them via our platform.”

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. Is it just me – or is that photo just taking things a little TOO far!?

  2. Skandia will still wash their hands of any responsibility if it goes pear shaped. The use of their brand to reassure savers gives them a false sense of security.

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