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June 2014


Investment business Skandia, part of Old Mutual Wealth, believes that the ‘free, impartial face-to-face’ guidance revealed by the Chancellor in the recent budget announcement should act only as an introduction to full advice.


Skandia, part of Old Mutual Wealth, has today announced the appointment of Tony Harris as head of specialist sales in order to expand the specialist sales support it provides to financial advisers.


HMRC has confirmed that new proposals for a single nil rate Inheritance Tax (IHT) band for trusts will not be applied to existing trust arrangements, where no further assets are added or variations made to that trust. This will create demand for financial advice to ensure thousands of existing trust arrangements are not caught by the new rules. Despite these changes, trusts will remain a valuable tool for advisers to use when carrying out estate planning for their clients.


Skandia, part of Old Mutual Wealth, today announces Gower Wisdom has been appointed as product director. 


A swift change to retirement income rules is required in order for the Government’s proposed pension reforms to work, according to leading investment business Skandia, part of Old Mutual Wealth.


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. 


A new report by Skandia, using independent data from the Lang Cat, has revealed that the cost owning similar portfolio management services can vary by as much as 66% over a ten year period.


New analysis carried out by the lang cat on behalf of Skandia has revealed that the total cost of owning similar portfolio management services can vary by as much as 66% over a ten year period. The analysis shows how important it is to focus on the total cost of ownership, including platform, portfolio management, underlying investments and trading costs, rather than just than any one of these costs in isolation.


A recent adviser survey* by Skandia International, part of Old Mutual Wealth, showed there is an opportunity for advisers to make greater use of ‘nominations’ on offshore bonds. This little known feature can actually add significant value and can help the client achieve some of the benefits of a trust without actually placing the bond in a trust. Not many providers offer nominations on bonds, which could explain why nearly half of UK advisers are unaware of what a nomination is.

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