Skandia mulls risk-rated income range

Skandia is considering expanding its risk rated fund range to include an income solution for those nearing or at retirement.

Building on its risk-rated Spectrum funds, the platform said it is exploring the possibility of combing an income solution with some form of risk control.

"A range of income solutions with different risk-levels could be a compelling investment proposition but at this stage it is too early to provide any detail on how such funds might be structured," said a Skandia spokesperson.

He added the platform sees demand in the market for income solutions, especially for investors nearing or in retirement with significant life savings.

Skandia's spectrum range consists of six funds with defined volatility targets which aim to match client risk levels.

Earlier this year, the platform launched Spectrum Select - an enhancement of the Spectrum range giving advisers the tools to provide a personalised investment service to clients.