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06/06/2014

Skandia, part of Old Mutual Wealth, today confirms it is adding Neil Woodford’s Equity Income fund to its SelfSelect open fund range and a bespoke sub-advised mandate of the fund to its WealthSelect researched fund range. The fund, which is the first launch from Woodford Investment Management, will have an ongoing fund charge of 0.65% in both ranges. 

The addition of Woodford to both WealthSelect and SelfSelect means advisers can access one of the country’s most successful and popular fund managers at a very attractive price, through the investment approach most suitable for their clients. 

SelfSelect is Skandia’s open fund range which enables financial advisers to build their own portfolios from a range of over 1,200 funds.  WealthSelect provides access to Skandia’s researched fund range of around 60 funds at highly competitive prices as well as its managed portfolio service, which is offered at no additional cost to the fund TERs within the portfolios.

Dean BowdenDean Bowden, head of investment solutions at Skandia, comments:

“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.”

The fund will be available on Skandia’s SelfSelect platform from 20 June and through WealthSelect later in the year, when the construction of the Old Mutual Global Investors sub-advised vehicle is complete.  

For more information contact

Amelie ShepherdOld Mutual Wealth02380 916 09107834 499 596amelie.shepherd@omwealth.com

Notes to editors:

About Quilter plc:

Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Quilter plc oversees £118.1 billion in customer investments (as at 30 September 2018).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions and discretionary fund management.

The business is comprised of two segments: Wealth Platforms and Advice and Wealth Management.

Wealth Platforms includes the Old Mutual Wealth UK Platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business.

Advice and Wealth Management encompasses the financial planning network, Intrinsic; Quilter Private Client Advisers; discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business.

The Quilter plc businesses are being re-branded to Quilter over a period of approximately two years:

• The Multi-asset business is now Quilter Investors

• Intrinsic to Quilter Financial Planning

• The private client advisers business is now Quilter Private Client Advisers

• The UK Platform to Quilter Wealth Solutions

• The International business to Quilter International

• The Heritage life assurance business to Quilter Life Assurance

• Quilter Cheviot will retain its name

This press release is for journalists only and should not be relied upon by financial advisers or customers.

Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter plc.  Registered office: Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Registered number: 6404270.  Registered in England.