Skandia and Nationwide to capitalize on EU accession and offer new products

Starting this Tuesday, Skandia, the 14th largest life insurer on the domestic market, will offer customers the possibility to locate money in investment funds controlled by foreign companies. "In the beginning, there will be only two model portfolios. In order to make it easier for our clients to move about on this huge market, the funds will be managed by analysts at Credit Suisse in London," said Stanisław Boczkowski, Skandia Życie's deputy president. One of the portfolios will encompass worldwide funds, while the other will cover European funds. The UK's Nationwide, on the other hand, plans to compete in the new sector by offering several dozen carefully selected foreign funds. The offer will be adjusted after initial market data and demand for such services have been acquired. (Puls Biznesu, p. 9) A.K.