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Steven Levin comments on the Government's review, designed to radically improve access to financial advice.


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 consultation on pension tax relief announced in the Summer Budget focuses on four principles. The first of these is simplicity and transparency.  Here are Old Mutual Wealth’s initial thoughts on this element of the consultation:


Following the Chancellor's Summer Budget, announced on July 8, 2015, Old Mutual Wealth experts give their views on some key changes.


Old Mutual Wealth today announces the appointment of Jane Goodland as head of responsible business.


Old Mutual Wealth has added to its specialist sales team with the appointment of Andrew Miller to the role of Investment Specialist.


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.


An unintended consequence of the pension reforms is that any divorcee with a pension earmarking order may need to act fast to protect their benefits. Any earmarking order which provides the ex-spouse with a fixed percentage of the pension income in retirement should be checked to ensure benefits are protected now that the member no longer needs to take their pension as an income and can instead take all the cash out as a lump sum.


More than one in ten 20-35 year olds are prepared to ask their parents to access pension savings to help pay for a mortgage deposit.


This week’s party manifesto proposals* risk undermining public confidence in pensions at a time when savers are adapting to the most radical reforms to the UK pension seen in a generation. 


On average retirees plan to withdraw around 10% each year, but nearly half of those approaching retirement have no real idea how long their income will last


With just days to go until the new pension freedoms become reality, new research from YouGov and wealth manager Old Mutual Wealth reveals that one in every ten people (9%) who will have access to their entire pension savings from next week don’t know that pension income is taxable.


A survey by Old Mutual International, part of Old Mutual Wealth, shows a significant number of overseas advisers have taken steps to link up with UK advisers in preparation for the new pension changes. From 6 April 2015 overseas advisers will need this relationship in place if they want to continue to accept QROPS business from defined benefit schemes and pension policies with Guaranteed Annuity Rates. However, UK advisers need to ensure they have a robust due diligence process in place as they will ultimately be responsible for the pension advice given to the overseas clients.


The recent Statutory Instrument* has confirmed QROPS (Qualifying Recognised Overseas Pension Schemes) will temporarily be unable to benefit from the full UK pension flexibilities. However, this does not apply to all QROPS. Some jurisdictions will be able to offer the pension flexibilities from 6 April 2015, depending on the qualifying rules relating to that specific jurisdiction and local jurisdiction amendments. Opportunities will exist post 6 April 2015 for those using a QROPS to gain flexible access to their pension savings in a tax efficient way.


According to a survey of financial advisers by Old Mutual International, part of Old Mutual Wealth, adviser confidence in the markets it operates across has dipped slightly compared to a year ago.


Old Mutual Wealth is partnering with the Chartered Insurance Institute to launch exam training sessions for advisers studying toward their AF4 Investment Planning qualification, part of the Advanced Diploma in Financial Planning that leads to Chartered status.