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May 2015


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.

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