Selestia becomes Skandia
Clients with Selestia ISAs, Unit Trusts, Pensions or Bonds will be aware that Selestia is a part of Skandia (owned by Old Mutual since February 2006). Our clients will be aware that we have referred to Selestia as Skandia Selestia for best part of the last 2 years. On August 10th the name will finally revert to simply “Skandia” as one of the final parts of the merger completes. I am hopeful that this will avoid further confusion.
The Skandia Selestia platform launched in August 2007 accurately under the brand name Selestia Investment Solutions, with effect from 10th August this will be renamed Skandia Investment Solutions.
Old Mutual had £265bn under management by the end of 2008. Skandia had assets of £26.4bn at the end of June 2009.
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