Skandia

Industry:	Insurance
Revenues:	$633.2 Million
Employees:	3,300

Description

Skandia, a wholly owned subsidiary of Old Mutual plc, is one of the world's leading independent providers of quality solutions for long-term savings. Founded in Sweden in 1855, Skandia currently operates in over 20 countries, with the United Kingdom and Sweden as its largest markets.

Skandia UK focuses on long-term savings. It offers unit-linked investments through an open-architecture 'fund platform' enabling access to a wide range of funds from external managers as well as Skandia's own multi-manager funds provided by Skandia Investment Management. Skandia solutions are distributed via independent financial advisers only, targeting affluent customers. Investments in Skandia are unit-linked, backed by over 900 external funds selected by advisers and their clients. With over a million customers and £39 billion under management, Skandia is one of the fastest growing UK savings companies.

Headquartered in Stockholm, Skandia Nordic, which principally comprises the Swedish business and its mutual subsidiary, Skandia Liv, holds a leading position in the Swedish life assurance market measured by new business, with a combined customer base of 1.9 million customers. Skandia has been in the Swedish market for over 150 years and its business in Sweden offers a full set of financial products. It also has a growing unit-linked and life business in Denmark, as well as healthcare. In Norway, it has a successful banking operation and offers healthcare products.

Skandia Europe and Latin America has operations in 11 European countries (Germany, Austria, Italy, Spain, Switzerland, Liechtenstein, France, Poland, Portugal, the Czech Republic and Hungary) and three Latin American countries (Colombia, Mexico and Chile). The business focuses on being a market-leading niche player by providing unit-linked and mutual products through open-architecture platforms.

Products & Services

insurance, savings, financial services, investment products, pensions

News Archive

Skandia plans office closures. Investment Adviser; 11/9/2009 Byline: Sam Shaw Skandia has proposed to close down all nine of...The move followed the departure of Skandia sales director Dave Chessel, who was...had been with the firm for 15 years. Skandia said it would be creating a centrally... ...more

Skandia review hits regional roles. Investment Adviser; 11/9/2009 ...Sam Shaw Further roles are at risk under Skandia's structural review. As revealed by...sister website FTAdviser.com last week, Skandia is closing down all nine of its regional...reduced from nine to five. In addition, Skandia's 27 regional specialist sales managers... ...more

Interview: Nick Poyntz-Wright, Skandia. Investment Adviser; 11/30/2009 Byline: Stephen Wilmot I arrive at Skandia's London offices at Old Mutual Place...shadow of St Paul's Cathedral, wearing a Skandia-branded waterproof jacket. This is...sneakier reasons. I have come to interview Skandia UK's chief executive, Nick Poyntz... ...more