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Charities boosted by Old Mutual International donations

23/02/2017

Staff from Old Mutual International have donated over £26,000 to two Isle of Man charities. Thanks to a year of fundraising by staff, Friends of the Hyperbaric Chamber and A Little Piece of Hope were each presented with a cheque for £13,707.

With nearly 450 staff at its HQ in Onchan, Old Mutual International is one of the Island’s biggest private sector employers. Every year, employees nominate Isle of Man charities to support, and the most popular are chosen as the company’s charities of the year. During 2016 staff organised dress down days, bingo events, raffles, and cake bakes. Several employees took part in the Manx Telecom Parish Walk and raised funds from sponsorship. The culmination of the fundraising campaign was an Oscars-themed staff awards evening – in total, £13,707 was raised during the year, and this sum was doubled thanks to the company’s match-funding scheme. The final total was split equally between the two charities.Friends of the Hyperbaric Chamber and A Little Piece of Hope were each presented with a cheque for £13,707.

Peter Kenny, Managing Director of Old Mutual International, thanked employees across the business for organising the fundraising campaign, and everyone who supported the events. He added: “As a responsible business and a major employer, we take our commitment to the local community very seriously. Our charities of the year scheme is one example of how we make a difference, and we’re delighted to support the excellent work of these Manx charities which contribute so much to the local community.”

The Friends of the Hyperbaric Chamber charity supports the Hyperbaric Medicine Facility in Douglas which provides therapy for divers, and patients suffering from injuries and chronic medical conditions. David Downie MBE, the charity’s Chairman and Operations Manager, commented: “Old Mutual International’s support over the past few years has not only been outstanding, but timely. The facility relies upon corporate and public donations to purchase new equipment and replace items that have reached the end of their useful life. When we had an opportunity to purchase a multiplace chamber at a knock-down price, but with a very short purchase window, Old Mutual International stepped in with a £17,024 donation which was used as a deposit to secure the purchase, and this latest donation allows us to make the final payment. We truly appreciate their fundraising efforts.”

A Little Piece of Hope is a charity that helps bereaved parents, assists children travelling to hospital for treatment, and offers help to children with mental and physical disabilities.

Helen Sheppard, Founder of the A Little Piece of Hope charity, commented: “We were amazed by the amount raised by everyone at Old Mutual International over the past year and can't express our gratitude enough. We are now able to provide financial assistance for two headstones, and to help two families whose children visit Alder Hey Children’s Hospital on a regular basis. This donation will also go towards organising fundraising events this year, and the proceeds from these events will mean that we can help even more families across the Island.”

For more information about both charities, go to www.hyperbaric.im and www.smellslikeporridge.wixsite.com/alittlepieceofhope

 

Notes for Editors

Old Mutual International Isle of Man

Old Mutual International Isle of Man is a leading cross-border provider of financial solutions for local and expatriate investors. The business employs over 400 people in Onchan, Isle of Man, providing operational support to Old Mutual International clients in the UK, Europe, Singapore, Hong Kong, Dubai, Latin America and South Africa.

The business is proud of its strong heritage on the Isle of Man having been established over 30 years ago.  Old Mutual International Isle of Man is committed to investing in its local community, helping to make a difference to island based charities and organisations through charitable partnerships.  

For more information contact

Wendy Ranft-GerberOld Mutual International01624 65552507624 407545wendy.ranft-gerber@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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