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22/09/2014

The Skandia brand disappears from the UK today (22nd September 2014) and all Skandia UK operations adopt the Old Mutual Wealth brand.

Skandia is known as the leading adviser platform in the UK but Old Mutual Wealth, under the leadership of chief executive Paul Feeney, has expanded further into a retail investment business with an adviser and customer offering spanning:


• Financial advice via the Intrinsic network and independent financial advisers
• Platform based wealth management products and services, now branded Old Mutual Wealth
• Asset management solutions via Old Mutual Global Investors available across the wider retail investment market


Old Mutual Wealth’s offshore investment business, Skandia International, will be rebranded Old Mutual International early next year.

Skandia originally launched in the UK in 1979 and was synonymous with innovation and adviser support.  It pioneered the concepts of MultiManager and fund platforms which have since become the industry norm.  It had a strong association with sailing, being the long term sponsor of Cowes Week and the Great British sailing team.

Skandia was acquired by Old Mutual plc in 2006 and the launch of the Old Mutual Wealth brand in the UK completes its integration into the FTSE 100 group.

The launch of the Old Mutual Wealth brand is accompanied by a major advertising campaign encompassing trade and consumer press, branded taxis in 18 cities, billboards across the UK including major railway stations and 16 regional airports, and sponsorship of golf coverage on Sky Sports.

To celebrate the brand launch, Old Mutual Wealth staff have become world record holders by building the largest ever coin mosaic – raising in excess of £18,000 for charity.



Paul Feeney, chief executive of Old Mutual Wealth, comments:
“There is a huge opportunity to create a company for the many who want to make a positive difference for themselves, those close to them, or the society they live in.  There is an opportunity to build a business that integrates the three elements people need to help them save for their future – financial advice, investment and retirement solutions and tax efficient products.  There is a necessity to rebuild trust in financial services by empowering customers through high quality advice and information.

“That is our focus at Old Mutual Wealth.  We are incredibly proud of our Skandia heritage and in fact we want to reignite the Skandia passion for innovation and high quality support for advisers and customers within Old Mutual Wealth.  So, we say goodbye to Skandia with pride and look forward to building a new breed of investment business as Old Mutual Wealth.” 

For more information contact

Tim Skelton-SmithOld Mutual Wealth02380 916 99807824 145 076tim.skelton-smith@omwealth.com

Notes to editors:

Quilter is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

On a ‘go forward basis’, Quilter oversees £ 111.6 billion in customer investments (as at 31 March 2018).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset and single strategy investment solutions; and discretionary fund management.

The business is comprised of two segments: Wealth Platforms and Advice and Wealth Management.

Wealth Platforms includes the Old Mutual Wealth UK Platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business.

Advice and Wealth Management encompasses the financial planning network, Intrinsic; Old Mutual Wealth Private Client Advisers; discretionary fund management business, Quilter Cheviot; and Old Mutual Wealth’s multi-asset investment solutions business.

The Quilter businesses will be re-branded to Quilter over a period of approximately two years following separation from Old Mutual:

  • Intrinsic to Quilter Financial Planning
  • Private Client Advisers to Quilter Private Client Advisers
  • The Multi-Asset business to Quilter Investors
  • The UK Platform to Quilter Wealth Solutions
  • The International business to become Quilter International
  • The Heritage life assurance business to Quilter Life Assurance
  • Quilter Cheviot will retain its name.

On 19 December 2017, Old Mutual Wealth announced that it has agreed to sell its Single Strategy asset management business to the Single Strategy Management team and funds managed by TA Associates. The proposed transaction is subject to customary closing conditions, including regulatory approvals. 

Quilter is part of Old Mutual plc, a FTSE 100 group that provides investment, savings, insurance and banking. For the year ended 31 December 2017, Old Mutual reported an adjusted operating profit before tax of £2.0 billion. For further information on Old Mutual plc and the underlying businesses, please visit the corporate website at www.oldmutualplc.com.

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