Skandia set to merge UK businesses

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SKANDIA, the subsidiary of Old Mutual, is set to merge its Skandia Life, Skandia MultiFunds and Selestia businesses in a bid to make its offering to financial advisers more understandable.

The combined business – which is set to be named in summer after the merger of the MultiFunds and Selestia businesses is completed – will be led by Brett Williams. Williams will report to Skandi...

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