Suffolk Life adds Skandia Investment Solutions to SmartSIPP

Suffolk Life has confirmed that Skandia Investment Solutions is the latest platform to be added to in-house wrapper SmartSIPP.

It is the seventh platform to be added since the product's launched in June.

Greg Kingston, head of marketing at Suffolk Life says: "Skandia is being added in direct response to adviser demand and is a strong partner focused on supporting advisers."

Research from platform consultancy The Platforum places Skandia as the UK's largest platform by assets under administration.

The new platform joins existing providers Ascentric, Cofunds, FundsNetwork, Raymond James and Seven IM, with Stocktrade providing an execution-only broking option.

Kingston stressed the necessity of seeking new business partnerships: "While advisers can in theory only use one platform, this is unlikely to be the reality post-RDR. That is why we are continuing to add additional platform partners to SmartSIPP".

Suffolk Life is expected to unveil further platforms for SmartSIPP before the year end.