Skandia disclosure plea over restricted advice

Pow, Helen
July 2009
Money Marketing;7/2/2009, p3
The article reports on the move of Skandia AB to ask the British Financial Services Authority (FSA) for a mandate on the right form of words, which will be used in documenting the right description of their services in 2009 in Great Britain. It states that Skandia is asking FSA to eliminate basic advice, because it can cause confusion on consumers. According to Skandia chief development officer Peter Mann, he approves the distinction made between restricted and independent advice.


Related Articles

  • Advisers push for transparency on platform AUA reporting. Holt, Natalie // Fundweb;8/15/2013, p8 

    The article reports that financial advisers are urging for more transparency regarding how platforms report their assets under administration (AUA). It states that advisers are asking for it after investment products provider Skandia AB announced that it will examine its platform reporting. The...

  • Skandia Outsources Processing To IFDS. Wicy Wang // Global Custodian News;2013, p167 

    Skandia, part of Old Mutual Wealth and International Financial Data Services (IFDS), a global IT and outsourced administration services supplier, have signed a twenty-year contract that allows Skandia to outsource certain administrative functions in the U.K. to IFDS.

  • Skandia parent: We won't favour restricted models over independent. Holt, Natalie // Money Marketing (Online Edition);11/7/2012, p16 

    The article informs that Old Mutual Wealth, parent company of Skandia, has decided to support both independent and restricted advisers. It has been stated that net inflows of 1,63,500m dollar has been reported by Old Mutual Wealth during the third quarter. It hs been informed that Old Mutual...

  • Skandia: Only half of advisers predict positive impact for RDR. Yarker, Jonathan // Fundweb;3/7/2013, p5 

    The article offers information on the research related to views of the financial advisor on the impact of retail distribution review (RDR) on the financial service industry. It states that the research revealed that about 41.5 percent of respondents believed that RDR will get beneficial impacts...

  • Skandia guide to compare platforms. Scott, Tracey // Money Marketing;11/26/2009, p28 

    The article reports on the move of Skandia AB to publish a new guide which helps advisers in their due diligence process when comparing platforms in Great Britain. It mentions that it consists of due diligence questions to which advisers can use in questioning prospective platforms. It affirms...

  • Skandia decision sees the death of a powerful brand.  // Money Marketing;9/17/2012, p35 

    The article comments on financial services group Old Mutual's decision to scrap the Skandia brand. Skandia has been a favorite of many financial advisers because of its innovative approach. Launched in 1979, the Skandia platform struggled with profitability issues despite having assets valued at...

  • Skandia sets out WealthSelect re-reg policy after adviser concerns. Glenister, Michael // Money Marketing (Online Edition);3/12/2014, p3 

    The article reports on the decision of Skandia, an independent provider of products for long-term savings and investments, to set out how assets can be re-registered away from its WealthSelect range of discounted funds to avoid re-registration delays.

  • Skandia head of wealth planning Jelley exits firm less than year after rejoining. Selby, Tom // Money Marketing;12/19/2013, p7 

    The article announces that Colin Jelley has resigned as head of the wealth planning division of financial services firm Skandia.

  • Skandia pilots self-serve platform for Isa top-ups. Glenister, Michael // Money Marketing (Online Edition);2/27/2014, p20 

    The article reports on the self-serve platform option being tested by investment platform provider Skandia in an estimated 100 investment advisory firms.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics