Following the agreement to sell Old Mutual Wealth Life Assurance Limited (OMWLAL) to ReAssure, we can confirm that the sale is now complete. OMWLAL is a predominantly closed book of life assurance business made up of life and pension products sold over the last 40 years. It also includes the Protection range of products which are open to new business and our Institutional business.
This has no impact on investment and pension products held on the Old Mutual Wealth platform.
Our priority throughout the sale process was to ensure that customers receive the best possible outcomes and service, and we believe the sale will provide that continuity of service.