June 2011

Skandia UK, part of Old Mutual Wealth Management, today announces that gross sales via the Skandia Investment Solutions (SIS) platform this year have reached £2.5 billion at the end of May 2011.

The FSA’s recent ‘Dear CEO’ letter sent to wealth managers about suitability of client portfolios has far reaching implications for all advisers, warns Skandia.  Risk assessment and record keeping will become essential in the run up to and beyond the Retail Distribution Review.

Skandia International, the offshore business of Old Mutual Wealth Management, has extended the investment choices available for its Spanish Collective Investment Bond (CIB) by launching over 30 new funds and providing access to five investment groups previously not available through the product.

Skandia today announces the launch of an interactive risk discussion tool designed to support advisers and their clients during the risk assessment and portfolio planning process. The tool is available on Skandia’s adviser website - www.skandia.co.uk/riskdiscussion and enables advisers to explain investment risk to their clients in a simple and straightforward manner. 

Skandia today announces it has launched its ‘Investment Process in a Tin’ - a new tool kit developed to help advisers design an investment process to meet the needs of their clients. The toolkit, which comes in a tin case, forms one of the many resources Skandia has launched to help advisers in designing a new service proposition and is exclusively available via Skandia’s team of business consultants.

New research* by Skandia International, the offshore business of Old Mutual Wealth Management, has found that almost 80% of offshore advisers would consider recommending ready built packaged investment solutions to their clients that match their attitude to risk. 

The vast majority (80%) of financial advisers believe that the recent reforms to income drawdown rules will result in more people delaying their annuity purchase, according to Skandia’s latest Adviser Confidence Barometer*.