Insurance group Skandia has finalised its debut UK law firm panel with five firms winning places on the coveted roster.

Ashurst, Morrison & Foerster, Bevan Brittan, Bond Pearce and Berwin Leighton Paisner have all won places on the savings group's panel of preferred advisers following a tender process during the summer involving 11 firms.

The appointments, finalised at the end of October, will see the firms called on for corporate, commercial, financial services and outsourcing advice, although the company will still be able to instruct non-panel firms. The review was led by Skandia head of legal Duncan Eardley and in-house lawyer Angela Harris.