David Denton, who has been head of European sales at Royal Skandia for more than 13 years, has left the company, as part of the recently-announced consolidation of the Skandia businesses into Old Mutual Wealth by Skandia parent Old Mutual Group.
Royal Skandia Trust has removed the annual fee for the life of any new trust applied for between now and 31 March next year.
Well over a third of UK advisers believe you cannot be independent and use only one main platform, according to research published today.
The Skandia International, Royal Skandia and Skandia Life Ireland brands are to disappear completely within the next couple of years, as Skandia parent Old Mutual consolidates all its operations into a single wealth management business called Old Mutual Wealth.
Skandia International has appointed Craig Ellis as head of region for Royal Skandia in Singapore and SE Asia, replacing David MacDonald who resigned earlier this year.
Swedish financial services company JOOL Capital Partner AB is launching an international division and has appointed former Royal Skandia regional head David MacDonald to lead its push overseas.
Skandia Internationals offshore bond sales fell 26% in the first half of this year compared with the same period in 2011.
New business sales at Legal & General International were down 23% in the first half of this year, against a backdrop of falling sales of investment products more generally.
Skandia International has launched what it describes as a new, highly flexible tax planning solution designed to enable the transfer of wealth on to the next generation in an inheritance tax efficient way.
Adviser confidence in the global economy is at its lowest level for a year, according to a recent survey, with those based in the UK reporting the biggest slump in confidence.
Old Mutual Wealth Management has appointed Jeremy Charles chief operating officer of the business that currently includes the Skandia UK, Skandia International, Skandia Investment Group and Old Mutual Asset Managers (UK) brands.
Skandia International is showcasing over the coming weeks to advisers in Singapore its Wealth Interactive service, an end-to-end wealth management proposition which will be offered there through a new portfolio bond product.
