Share

April 2014

29/04

Skandia, part of Old Mutual Wealth, has appointed Tom Hawkins as head of UK proposition marketing. This is a new role which will have responsibility for the marketing of Skandia’s customer proposition in the UK, covering platform, pensions and investment solutions.

28/04

An unprecedented grouping of leaders from across the UK financial services industry are warning of an impending consumer finance crisis unless action is taken to change people’s attitudes to saving.

15/04

Analysis by Skandia, part of Old Mutual Wealth, suggests that by the end of 2016 over £141 billion* could be placed in outsourced portfolio management services by financial advisers in the UK market.

11/04

Sales into multi-asset funds accounted for nearly a third (32%) of all net sales during Q1, according to figures from the Skandia Investment Solutions platform. Multi-asset funds continue to be popular as advisers seek quality investment solutions for their clients, such as risk targeted funds.

03/04

Skandia, one of the largest pension drawdown providers in the UK, has revealed that less than 10% of its current flexible drawdown customers have taken, or are currently in the process of taking, the entire value of their pension savings.  These figures downplay fears that UK retirees will withdraw all their retirement savings at once when the Chancellor’s proposed changes, announced in the recent Budget, come into full effect in April 2015.

03/04

The changes announced to ISAs in this year’s Budget mean that from 1st July 2014 people can invest up to £15,000 per annum in an ISA split as they choose between stocks & shares and cash. According to investment business, Skandia, whilst the new ISA regulations do not come in until 1st July, regular savers can take advantage of the increased limits next week by increasing their monthly contributions to £1,250 from Monday 7th April.

03/04

Skandia, part of Old Mutual Wealth, today confirms it will enhance the cash option available on its ISA in time for the new rules in July. Skandia will make cash available as a longer term holding, rather than a short term cash deposit facility, with the interest rate rising to approximately 0.40% in time for the new tax year, up from 0.10%. Skandia is looking to secure the highest interest it can in time for the changes on 1st July. 

First Page of ResultsPrevious PageNext PageLast Page of Results