Skandia has appointed a new product director to look after its UK, international and Continental European businesses, with an initial focus on developing a retirement income proposition following recent pension changes.
Almost a quarter of advisers have experienced problems when family members have been appointed as trustees, according to new research.
Skandia International’s gross sales for cross border business were down 5% in the first quarter of this year, to £427m from £449m in Q1 2013.
Old Mutual Global Investors is to launch a high yield bond fund this summer.
Old Mutual Wealth has appointed one of the founders of New Star, Stewart Cazier, as chief operating officer of distribution.
Old Mutual Global Investors has beefed up its Hong Kong based Asian distribution team and has further plans to further boost the sales team during the year.
Old Mutual has agreed terms to sell its German and Austria Skandia business units to a Cinven and Hannover Re acquisition vehicle for 220m.
The annual Pridham Report selects Standard Life as winning fund group for 2013‚ as measured by net retail sales in the UK.
Old Mutual Global Investors is to launch an Ireland-domiciled mirror of Richard Buxton’s £1bn flagship UK Alpha Fund.
Advisers in Asia are most likely to recommend the use of professional trustee services, according to recent research from Skandia International, while those in the UK favour using friends or family.
Third-quarter gross sales for Old Mutual Wealth’s international cross-border business rose to £427m, from £422m in the same period of the previous year.
South Africa pension reform opens up new advice opportunities Proposed pension reforms in South Africa could open significant advice opportunities for financial intermediaries and providers.
