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Old Mutual International launches Trust tool

24/07/2015

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 Trust Decision Tool is now available on the Old Mutual International website and is for advisers to use with their customers. The tool will take advisers through a few simple questions before it suggests which trust may be suitable for their customer’s circumstances. Advisers with little or no knowledge of trusts often feel trusts are complicated to understand and are not confident enough to recommend them. The simplicity of the tool should help eliminate this fear and should encourage more advisers to use trusts.

The Trust Form Finder will be available on the Old Mutual International website in the coming weeks and will automatically select the required documentation for the customer and adviser depending on which trust they select.  This will help in cases, such as professional trust company cases, where there are a number of different legal documents which all must be completed.

Trusts have become a fundamental part of wealth management and can help advisers demonstrate the real value of the advice they provide to their customers. Typically, trusts are utilised in complex family situations such as forced heirship, avoidance of probate, or to mitigate inheritance tax liabilities (IHT) and for the purposes of protection and control of assets.

To further help and support advisers using trusts, Old Mutual International has built a new trust hub, called the ‘trustability hub’ which hosts useful guides, videos and articles. This can be found at www.oldmutualinternational.com/trustability. Here, advisers can also view Old Mutual International’s ‘techcellence’ material, a comprehensive series of videos aimed at ‘cutting through the noise’ and helping advisers develop their technical knowledge.

Rachael GriffinRachael Griffin, financial planning expert at Old Mutual Wealth, comments:

“We are committed to building a market leading range of trusts together with innovative ways to provide technical support to advisers. Trusts are under-utilised, yet they can be a really powerful tool for advisers to use with their customers. Those investing significant sums in an offshore portfolio bond will be the type of customer who is in greatest need of wealth planning, and using trusts can help mitigate tax exposure and protect their assets for their beneficiaries. Choosing a provider with a full range of trust options will help ensure the customer’s needs are fully met and assets are placed within the most efficient trust wrapper. The Trust Decision Tool combined with the Trust Form Finder will help to simplify our Trust proposition and help remove any barriers for advisers.”

For more information contact

Sophie HeywoodOld Mutual Wealth02380 91677007834 499558sophie.heywood@omwealth.com

Notes to Editors:

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

Old Mutual Wealth oversees £131.3 billion in customer investments (as at 30 September 2017).

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.

Old Mutual Global Investors (‘OMGI’) is the asset management business of Old Mutual Wealth with £39.8bn funds under management (as at 30 September 2017). On the 19th 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. 

Following managed separation from Old Mutual plc, Old Mutual Wealth will rebrand to Quilter plc. Each of the businesses within the Quilter Plc group will be rebranded over a two-year period, with the exception of Quilter Cheviot, which will retain its existing name.

Old Mutual Wealth is part of Old Mutual plc, a FTSE 100 group that provides life assurance, asset management, banking and general insurance. Old Mutual is trusted by more than 19.4 million (as at 31 December 2016) customers across the world and has a total of £212.3 billion of assets under management (as at 30 June 2017).

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