Skandia International, including Royal Skandia, has completed its rebrand to Old Mutual International in all markets it serves globally. Old Mutual International is the cross-border product provider of Old Mutual Wealth, which seeks to provide financial advice, products, and both investment and asset management. The business is part of Old Mutual’s group integrated model, which […]
The Skandia brand will cease to be used in the UK, as operations are rebranded Old Mutual Wealth, as the business seeks to more closely tie together its financial adviser and retail offerings. Currently, the business supports UK IFAs through its Intrinsic network, offers wealth management products and services – until today branded ‘Skandia’ – […]
Intermediaries will no longer be paid up-front commission from Swedish mutual Skandia, in a move it says is in the best long term interests of end customers rather than short term sales.
Skandia, the Swedish mutual group, has announced that its life insurance fixed income team has taken over management of fixed income portfolios from DNB for products available from the group’s fund manufacturing arm Skandia Fonder as it seeks to build volume in the Swedish institutional market.
Skandia Vita, Italy’s largest provider of unit-linked funds, has signed a deal to distribute AllianceBernstein’s Luxembourg domiciled funds on its investment platform.
Investors buying funds through Swedish mutual Skandia in May were particularly interested in US and Japan funds – two of the best performing sectors so far in 2013, the company said.
Skandia has set up a portal that its corporate customers can use on behalf of their own staff who are seeking to volunteer for charities or other similar organisations.
Funds focused on Indonesia, Malaysia and Thailand ware particularly in demand among Swedish investors during April, while Sweden and more traditional emerging market equity funds were among those most sold, according to figures from Skandia.
Just when the consensus was embracing new leadership in the markets by financials, particularly banks, following Mario Draghi’s now famous “I’ll do whatever it takes to save the Euro” speech last summer, another speech, now retracted, by Dutch Finance Minister and President of the Eurogroup of Eurozone finance ministers Jeroen Dijsselbloem that uninsured deposit holders could be asked to bail out (recapitalise) banks in the future as per Cyprus has sent the sector into a tail spin – or at least forced some profit taking.
Central clearing of FX options, Basel III, Solvency II, and AIFMD are among the key pieces of regulation that selectors have identified as causing most concern in terms of their effect on the asset management industry and, ultimately, clients and investors.
Skandia, the investment, insurance and banking business headquartered in Sweden that was hived off by former owner Old Mutual about a year back has reported it made a total return of 7.3% through 2012 on behalf of its customers, who own the business through its mutual structure.
Skandia has won orders from 10 local authorities in southern Sweden to provide pensions administration and insurance solutions covering some 16,500 staff, with most contracts starting from 1 October.