Skandia MultiFUNDS

Skandia MultiFUNDS Limited is still open for business and has not changed. Clients will be transferred over to the Selestia Investment Solutions investment platform on a date to be confirmed. At the same time as the transfer Skandia MultiFUNDS Terms and Conditions will change to those previously offered by Selestia Investments Limited.

Useful information such as Servicing Commission Guide and Switch Form.

MultiFUND

Skandia's MultiFUND is provided by Skandia MultiFUNDS Limited. A MultiFUND allows you to invest directly into unit trust and OEIC funds without a maximum limit on the investment amount. Ideal for investors who do not qualify for an ISA or have reached the maximum limit on their ISA allowance.

Benefits

You can:

• Invest individually, jointly or set up a trustee investment, for corporations and clubs, or for pension trustee investments such as SIPPS, SSAS and FURBS.
• Hold funds from a choice of fund managers or delegate fund manager selection and monitoring to Skandia by investing in the Skandia Investment Management Limited range of funds.
• Switch funds free of any Skandia administration charge.
• Transfer and/or re-register existing unit trust or OEIC fund holdings into one MultiFUND account for easier administration and monitoring.
• Take regular automatic income either as a fixed monetary amount, a percentage of your account value or from income generated from interest and dividends. Automatic withdrawal payments go straight into your bank account on the 28th day of the month of your selected frequency. You can also request ad hoc partial withdrawals at any time. Both without any Skandia administrative charge.
• Use a MultiFUND to 'feed' investments into a tax-efficient MultISA (Individual Savings Account) at the appropriate time.
• Access your investment online. We offer a secure client extranet site so you can obtain valuations, switch or review fund options online. There is also a UK-based freephone helpdesk for general enquiries. Statements are sent to you twice a year.

Risks

• A MultiFUND is intended as a long-term investment. If you withdraw from it, you may not get back the full amount you invested, particularly in the early years.
• Tax rules can change at any time, which may affect your investment.
• The value of shares and units can go down as well as up, and investment growth cannot be guaranteed.
• While you are transferring your existing investments, you could incur a loss of income or growth, depending on market conditions.

Who is eligible?

• UK, Isle of Man, Jersey & Guernsey residents, aged 18 and over.

Minimum and maximum subscriptions

• Minimum monthly premium: £99 regular monthly (no maximum).
• Minimum lump sum: £3,000 (no maximum).
• Additional regular premium: £10.
• Additional lump sum: £500.

Term

• There is no term limit. Your MultiFUND can stay invested for as long as you like.

This web page is only intended as a general introduction to the Skandia MultiFUND. Full details can be found ‘details of Skandia’s fund supermarket’.

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Information on this website is not intended for Hong Kong residents. Information on this website about Skandia Group Companies is intended for UK residents only, unless it relates to Royal Skandia, Skandia Life Norge or Suomen Sivuliike. Skandia Group companies do not offer investment advice and no information on this website should be construed as such.

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