Skandia supermarket to include New Star funds

Skandia drops annual management charges for Isas and MultiFund investments

Skandia has negotiated an exclusive deal with New Star to be the only fund supermarket to distribute its funds over the next nine months. Skandia is also shortly to allow intermediaries to white label its supermarket in a similar fashion to services offered by Cofunds and Fidelity's FundsNetwork. The addition of New Star to Skandia's range makes Skandia the only intermediary supermarket to feature all of the major fund providers. In April 2002, New Star will review its position with Fidelity FundsNetwork and Cofunds, but for the next nine months will not be joining their ranks. In l...