soh and wedlock join Skandia Intl
Skandia International has named Jammine Soh and Huw Wedlock to its Singapore sales team, as sales managers, as it looks to “develop and expand its distribution footprint in Southeast Asia”.
Skandia International has named Jammine Soh and Huw Wedlock to its Singapore sales team, as sales managers, as it looks to “develop and expand its distribution footprint in Southeast Asia”.
The Isle of Man was voted the preferred choice of QROPS jurisdiction by almost a third of advisers who use the retirement products, in a poll conducted by Skandia International.
Graham Bentley, former head of proposition at Skandia, has joined Axa Wealth as interim head of fund group relations.
Chris Johnson, Middle East area manager for Skandia International, has decided to leave the company.
Old Mutual Global Investors has appointed Kirk Hotte as European sales director based in its London office.
Skandia International made a positive contribution to parent company Old Mutual’s results with first quarter gross sales up 15% to £449m compared to the first quarter of last year.
New business sales of offshore bonds into the UK market last year ended up a fifth below 2011’s levels, which in turn were down more than 7% from the previous year, as investors shunned equities and similar investment products.
Old Mutual has restructured a number of its funds, and has rebranded the next set of Dublin-domiciled Skandia Global Funds, effective 19 April.
A worryingly high number of advisers in the UK believe the Retail Distribution Review, which was finally implemented at the beginning of this year, will have a negative impact on the financial services industry.
The Retail Distribution Review and the UK Government’s rhetoric on tax evasion were among the challenges discussed at a roundtable event held by International Adviser earlier this month.
Distribution post-RDR may see life companies getting back into the investment game, building up their own substantial sales forces of restricted advisers.
Skandia International’s third quarter new business sales were hit by HMRC’s removal of its partner company Concept Group’s Guernsey based QROPS from the list of recognised schemes.