Print Share

2016 press releases


Richard became Old Mutual Wealth chief distribution officer in 2016, having previously been CEO of Intrinsic, one of the UK’s largest networks of independent and restricted financial advisers. He sat on the FAMR expert panel in a personal capacity. 


Old Mutual Wealth beats ambitious targets set in 2012 delivering exceptional results in 2015 Profit increased by 35% to £307 million Net client cash flow increased by 86% to £6.9 billion   Old Mutual Wealth delivered a strong performance in 2015 outperforming the targets set in 2012 for profit, return on equity and operating margin.  At that time the targets set were £300 million profit, subsequently reduced to £270 million following the sales of the European businesses and excluding Quilter Cheviot, a 12-15% return on equity and an operating margin of 40%.  


Old Mutual International, part of Old Mutual Wealth, today launches the Swedish Executive Portfolio, a new whole-of-life portfolio bond tailored specifically for Swedish investors. The new bond provides a compelling solution for wrapping investment portfolios for a market dominated by custodian business.  


Old Mutual Wealth’s protection business paid out 95.43% of critical illness claims in 2015, an increase on the 2014 figure.


The UK’s highest-rated money skills programme for young people is coming to Southampton in an exciting new schools project.


Old Mutual Wealth today launches a new Lifestyle Trust which will help people achieve effective inheritance tax planning while retaining flexible access in the future. This high level of flexibility makes the new Trust a compelling solution for all ages and may help attract a younger generation towards inheritance tax planning using trusts. 


Old Mutual Wealth today announces it has signed an agreement to acquire the leading expatriate adviser business in Singapore, AAM Advisory. This strengthens Old Mutual Wealth’s commitment to the Asian region and to the financial advice market.


Intrinsic, part of Old Mutual Wealth, today confirms it has completed the acquisition of the Financial Adviser School (the School). 


Old Mutual Wealth, one of the UK’s largest wealth management businesses, today announces the appointment of Mike Mainwaring as head of sponsorship.


According to the latest research* by Old Mutual International, 38% of international advisers who carry out pension transfer business believe a review of the new rules is required in light of numerous challenges. Just 20% of advisers did not think a review was required and the remaining 42% of advisers were not sure. This suggests there would be widespread support for a review of overseas pension transfers by the Department for Work and Pensions (DWP).


On Thursday, January 7, 2016 The FCA published Retirement Income Market Data for the period from July to September 2015. Below is a comment from Jon Greer, pensions technical expert at Old Mutual Wealth:

First Page of ResultsNext PageLast Page of Results