Increased access to IFSL Sinfonia funds through Skandia
17 November 2008
This information is designed for IFAs only. It is not intended for retail clients and no decision regarding the suitability of a Sinfonia product should be based upon this material. This has been created and released only as an aid for IFAs to help them to provide an excellent service to their clients.
IFSL Sinfonia funds now available through Skandia
Sinfonia Asset Management is delighted to announce that IFSL Sinfonia funds are now available on the Selestia Investment Solutions platform and will be live on the Skandia Life and Pensions platform later this week. As well as being open to new business, it will be possible to switch existing holdings to Sinfonia without the need to realise assets currently held within platform wrappers.
In addition, the Skandia platform is the only place you can buy these funds at NAV. (normally available at NAV +50)
The IFSL Sinfonia funds now available via Skandia are:
• IFSL Sinfonia Active Managed Fund
• IFSL Sinfonia Balanced Managed Fund
• IFSL Sinfonia Cautious Managed Fund
• IFSL Sinfonia Diversified Target Return Fund
• IFSL Sinfonia Income Fund
• IFSL Sinfonia Income & Growth Fund
There are a number of key benefits to purchasing IFSL Sinfonia funds through Skandia, including:
• Cost
The IFSL Sinfonia funds are available at NAV for all funds purchased via Skandia (normally available at NAV +50bps).
• Variable remuneration
The Skandia platforms offers advisers the ability to dial up and down on charges meaning that you have total flexibility in agreeing your level of remuneration with each client at a level that reflects the service that you offer.
• More choice
Through Skandia you’ll have access to product wrappers not currently available on a direct basis, such as a wide range of pension-related wrappers, offshore bonds and onshore bonds.
Skandia also supports regular premium business – a facility soon to be available directly through Sinfonia - allowing you greater flexibility and choice in tailoring your advice to individual clients.
• Shared value
Sinfonia Asset Management will continue to support your business by sharing the future value generated by Sinfonia Asset Management through the Adviser Syndicate Scheme and, in doing so, change the traditional value chain.
Sinfonia as part of a client’s portfolio
One of the main factors influencing the use of Skandia’s platform is to enable you to hold clients investments in one place and to switch to different funds when circumstances dictate. By adding the IFSL Sinfonia fund-of-funds range to the menu, it will now be possible for you to utilise the depth of experience offered by our partners FundQuest as part of your clients overall portfolio planning needs, as and when opportunities arise.