Latest press releases


If you are covering the current debate over care policy and the Conservative’s apparent U-turn on proposals outlined in their manifesto, please see the following comment from Old Mutual Wealth head of retirement policy, Jon Greer:


In their manifesto the Conservative Party outlined their plans to tackle the social care crisis. These policies include increasing the threshold for free social care from £23,250 to £100,000. They also said they would extend the deferred payment plan to those receiving care at home. The scheme, which is currently available to those who decide to go into a care home, involves signing a legal agreement with the council, saying that care costs can be delayed, but will be repaid when your home is sold or after their death.  


If you are covering the Conservative Party’s manifesto pledge to replace the triple lock with a double lock, please see the following comment from Jon Greer, head of retirement policy at Old Mutual Wealth:


If you are covering the Conservative party manifesto please see the following commentary from Old Mutual Wealth head of retirement policy, Jon Greer.


If you are writing about the Labour manifesto and associated documents, please see the following commentary from Old Mutual Wealth head of retirement policy Jon Greer, and tax & financial planning expert Rachael Griffin covering the following:


Today the Conservative party began outlining their policies on how they plan to improve work and employment and Theresa May has said ‘the conservative party has always been the true party of those workers.’ However, so far the Conservative Party have failed to address a major hiccup in their new apprenticeship scheme.* 


A shared sector commitment to arm thousands of school children with essential money skills


The Conservative Party are rumoured to be considering a death tax to fund the social care crisis. With inheritances expected to increase drastically over the next 10 years, Rachael Griffin, tax and financial planning expert at Old Mutual Wealth thinks alternative sources of funding should be found. 


If you are covering the TPR announcement today relating to employer breaches of auto-enrolment requirements, please see the following comment from Old Mutual Wealth retirement policy expert, Jon Greer: 


Old Mutual Wealth Private Client Advisers is today pleased to announce the acquisition of Maestro Financial Services (Maestro). 


If you are covering the FCA’s decision not to create a standalone equity release qualification, please see the following comment from Jon Greer, head of retirement policy at Old Mutual Wealth: 


Today the Institute for Fiscal Studies published a pre-election analysis on incomes and inequality. They address growing intergenerational inequality, which is in part caused by the state pension triple lock. 


April marked a new tax year, which this time included the introduction of the family home allowance, alleviating some tax concerns for property owners.  It highlights that it is easier to pass on wealth after people die and reinforces the need to take a long overdue look at the annual gifting allowance. 


Further to the announcement made at Old Mutual plc’s preliminary results on 9 March 2017 regarding the UK Platform transformation programme, OMW today gives an update to the market on the programme. 


Research from Old Mutual Wealth shows parents with one child save 20% less Families with two kids suffer from a 30% savings gap Government under pressure to fulfil promises to make childcare more accessible


The Board of Old Mutual Wealth announces today that it has appointed Tim Tookey as Chief Financial Officer, reporting to Paul Feeney, Chief Executive of Old Mutual Wealth. This appointment is subject to regulatory approval. Tim is currently a Non-Executive Director of Old Mutual Wealth and Chairman of its Audit Committee.


Old Mutual Wealth (£bn)1 Q1 2017 Q1 2016 % Change Net Client Cash flow (NCCF) 2.7 1.7 59% Gross sales 7.2 5.0 44%   31-Mar-17 31-Dec-16   Funds Under Management (FUM) 122.3 115.3 6%


Over 1/3 of over 55s less likely to vote Conservative if the triple lock is at risk Snap election sets the scene for pensions showdown May avoids questions on pension triple lock* Corbyn accuses PM of dodging tricky state pension issue New flash poll shows dropping pension increases puts Tory votes at risk


Following today’s amendments to the Finance Bill, please see comments from Old Mutual Wealth’s financial planning and pensions experts.


On Wednesday the probate fee order was still being discussed in parliament. However, reports late last night indicate the Ministry of Justice have taken the view that it won’t be possible to pursue the changes before the election.

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