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February 2014


Old Mutual Wealth, comprising Skandia and Old Mutual Global Investors, today announces the acquisition of Intrinsic, the UK’s largest network of restricted and independent financial advisers. The acquisition is an important step in the company’s strategy of creating the UK’s leading retail investment business, improving access to wealth management services for customers across the UK.


Old Mutual Wealth, comprising Skandia and Old Mutual Global Investors, saw IFRS Adjusted Operating Profit increase by 11% to £217 million (2012: £195 million) as it continues to benefit from the growing demand for platform based portfolio management solutions post RDR. Its assets grew by 13% during the period to £78.5 billion as at 31 December 2013 (2012: £69.2 billion).


With the latest HMRC campaign aimed at targeting investors with overseas assets, some investors could be worried about the impact this could have on their overseas investments, and others could be put off from investing overseas altogether. However, it’s not all doom and gloom, once assets have been appropriately disclosed there are ways in which the investments can be restructured, or new investments made, to make them more efficient going forwards.


Investment business Skandia, part of Old Mutual Wealth, today announces the launch of a new range of managed investment portfolios, called WealthSelect, which give investors access to top fund managers in the market at an average fund charge of 0.52%.


Extension of tax relief for workplace employee advice crucial in improving consumer outcomes.


Skandia, part of Old Mutual Wealth, today announces details of the new range of funds and discretionary portfolio management service that it will launch later this month to complete its WealthSelect range of portfolio management solutions.


The majority of financial advisers in the UK, 58%, want product providers to facilitate trust advice fees from the investment held within the trust according to a new* adviser survey conducted by Skandia International, part of Old Mutual Wealth. The remainder, 42%, want the trustee or client to write them a cheque rather than be facilitated by the provider.

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