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2016 press releases


Old Mutual Wealth Private Client Advisers is today pleased to announce the appointment of Dominic Rose to lead the firm’s growth strategy in London.


90% of 30-45 year olds yet to plan for retirement


Old Mutual Wealth is delighted to announce that it has joined the pioneering UnderwriteMe quote comparison service, providing advisers with online access to fully underwritten quotes for its protection offering, Protect.


If you are covering the government consultation into the Pensions Advice Allowance, please see the following commentary from Richard Freeman, Old Mutual Wealth chief distribution officer.


Old Mutual International, part of Old Mutual Wealth, the leading wealth management business in the UK and internationally, announces the appointment of Simon Hull as operations director for the Isle of Man.


Figures obtained from the government reveal the startlingly low take-up of voluntary state pension top-ups, despite the attractive rates on offer. 


Financial performance Old Mutual Wealth: good underlying momentum, although lower profits due to operational challenges and tough markets: Adjusted Operating Profit (‘AOP’) down 31% to £104 million (H1 2015: £151 million), including a £21 million charge from changes to customer fees in Heritage book and lower operating margins; IFRS pre-tax loss attributable to equity holders £(17)million (H1 2015: £(27) million) following disposal write-offs and IT expenditure; Net client cash flows (‘NCCF’) up 39% to £3.2 billion; benefits of vertical integration  emerging (H1 2015: £2.3 billion); Gross sales up 16% to £11.3 billion (H1 2015: £9.8 billion); Funds under management (‘FUM’) up 7% to £111.2 billion on start of the year (December 2015: £104.4 billion).


Old Mutual plc (“Old Mutual”) today announces that it has agreed to sell Old Mutual Wealth Italy to ERGO Italia, owned by Cinven, the European private equity firm. The consideration for the transaction is €278 million in cash, plus interest to completion. The transaction is subject to usual regulatory approvals and customary conditions and is expected to complete within six months.


Old Mutual Wealth Private Client Advisers, the financial planning business leveraging Old Mutual Wealth’s expertise in advice, investments and platform solutions, is today pleased to announce the acquisition of West Yorkshire based financial planning firm, Beaumont Robinson. 


New research highlights concerns about future pension reform Warning comes as former pensions minister raises alarm on government policy


The following press comment has been distributed to our trade and national press contacts this morning following the FCA’s publication of the terms of reference of its Retirement Outcomes Review.


Old Mutual International is pleased to announce the launch of a new expat referral service offered by EY. The new service comes at a time when expats and non-UK domiciles will value expert tax advice as they digest what ‘Brexit’ could mean for them. Over the coming months and years, this demand is likely to increase as more detail emerges on the potential legislative changes.  


If you are covering the appointment of Philip Hammond as Chancellor of the Exchequer, please see the following commentary from Old Mutual Wealth, including: Economic comment from Richard Buxton Rachael Griffin on tax and financial planning Jonathan Greer on pension policy 


Old Mutual Wealth, one of the UK’s largest wealth management businesses, announces the appointment of Iain Wright as chief risk officer.


If you are covering the impact of the EU referendum result on financial planning, please see the following commentary from Old Mutual Wealth. 


Old Mutual Wealth is capping exit fees at 1% for all customers aged 55 or over on older style pension contracts.


Today marks the start of Scams Awareness month. If you are covering scams within the pensions market please see the below comment from Jon Greer, pensions expert at Old Mutual Wealth:


Old Mutual Wealth research with YouGov shows 30% of those aged 50+ now expect a job to contribute to their retirement income They also expect work to account for almost a third of their total income Just 15% of current retirees retired because they reached their state pension age


Old Mutual Wealth acknowledges Old Mutual plc’s announcement today of its intention to deliver Old Mutual Wealth into the hands of Old Mutual plc’s shareholders by way of a demerger and listing on both the London and Johannesburg stock exchanges.*


Old Mutual Wealth Private Client Advisers, the appointed representative of Intrinsic offering restricted financial planning services that leverage Old Mutual Wealth’s investment capability across Quilter Cheviot and Old Mutual Global Investors, has reached an agreement to acquire financial planning firm, DQS Financial Management.