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2015 press releases


Old Mutual Wealth announces that the newly created Investment Division is combining capabilities from Quilter Cheviot (QC) and Old Mutual Global Investors (OMGI) to form one dedicated unit focused on multi-asset investment solutions.


Old Mutual Wealth is strengthening its adviser facing support through the appointment of Gary Dale as head of advisory sales. Gary will be responsible for the sales and distribution of all products into the UK and the investment solutions supporting those products.


According to new research* from YouGov and leading wealth manager Old Mutual Wealth, almost one-third of retired people were still carrying debt at the point they gave up full time work. The research, to be published in Old Mutual Wealth’s Redefining Retirement study, revealed that the average amount of debt held at the point of retirement is £34,500, however 19% of people had debts of over £50,000 and almost one in ten had debts of over £100,000. 


Old Mutual Wealth, the UK’s largest Wealth Manager, has created an investment division under the leadership of Martin Baines, who steps up from being CEO of Quilter Cheviot to become Chief Investment Director of Old Mutual Wealth. The CEOs of Quilter Cheviot and Old Mutual Global Investors (OMGI) will report to Martin.


Old Mutual Wealth, the leading wealth management business, saw net client cash flow (NCCF) increase by 92% in the first half of the year to £2.3 billion (H1 2014: £1.2 billion). This growth was driven by a clear strategy of integrating all the key elements financial advisers need to service their clients and favourable market developments in the form of the new pension freedoms.


Steven Levin comments on the Government's review, designed to radically improve access to financial advice.


Old Mutual International, the cross-border business of Old Mutual Wealth, announces the launch of a new Trust Decision Tool and Trust Form Finder, to help strengthen its compelling Trust proposition. The new tools will provide advisers with additional support and improved navigation, helping to make the choice of which trust to use simpler and easier.


The consultation on pension tax relief announced in the Summer Budget focuses on four principles. The first of these is simplicity and transparency.  Here are Old Mutual Wealth’s initial thoughts on this element of the consultation:


Following the Chancellor's Summer Budget, announced on July 8, 2015, Old Mutual Wealth experts give their views on some key changes.


Old Mutual Wealth today announces the appointment of Jane Goodland as head of responsible business.


Old Mutual Wealth has added to its specialist sales team with the appointment of Andrew Miller to the role of Investment Specialist.


Old Mutual Wealth’s gross sales increased by 16% to £4.6 billion in Q1 2015 (Q1 2014: £3.9 billion), with pension sales particularly strong and the benefits of its vertically integrated model becoming evident. Net client cash flow (NCCF) during the quarter was £1.0 billion, 9% lower than prior year, and when the planned loss of a lower margin institutional mandate is taken into account, underlying performance is 8% ahead of Q1 2014.


Defaqto, the independent researcher of financial products, has awarded Old Mutual Wealth with a Gold Rating in its new Pension Service Ratings.


The Conservative win could signal a change in the way non-domiciles living in the UK are treated from a tax perspective. Plans to abolish hereditary domicile status could lead to more global assets becoming liable to UK inheritance tax (IHT) upon death.


Conservative pension proposals could cost some savers up to £13,500 a year


Old Mutual International today announces the appointment of Steve Hickman as Head of Region & Chief Executive Officer in Singapore & South East Asia. Old Mutual International, part of Old Mutual Wealth, is firmly focused on the Asian market and believes there are real growth opportunities in the local market, particularly in the high net worth segment.


An unintended consequence of the pension reforms is that any divorcee with a pension earmarking order may need to act fast to protect their benefits. Any earmarking order which provides the ex-spouse with a fixed percentage of the pension income in retirement should be checked to ensure benefits are protected now that the member no longer needs to take their pension as an income and can instead take all the cash out as a lump sum.


More than one in ten 20-35 year olds are prepared to ask their parents to access pension savings to help pay for a mortgage deposit.


This week’s party manifesto proposals* risk undermining public confidence in pensions at a time when savers are adapting to the most radical reforms to the UK pension seen in a generation. 


On average retirees plan to withdraw around 10% each year, but nearly half of those approaching retirement have no real idea how long their income will last