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Latest press releases

15/04/2014

Analysis by Skandia, part of Old Mutual Wealth, suggests that by the end of 2016 over £141 billion* could be placed in outsourced portfolio management services by financial advisers in the UK market.

11/04/2014

Sales into multi-asset funds accounted for nearly a third (32%) of all net sales during Q1, according to figures from the Skandia Investment Solutions platform. Multi-asset funds continue to be popular as advisers seek quality investment solutions for their clients, such as risk targeted funds.

03/04/2014

Skandia, one of the largest pension drawdown providers in the UK, has revealed that less than 10% of its current flexible drawdown customers have taken, or are currently in the process of taking, the entire value of their pension savings.  These figures downplay fears that UK retirees will withdraw all their retirement savings at once when the Chancellor’s proposed changes, announced in the recent Budget, come into full effect in April 2015.

03/04/2014

The changes announced to ISAs in this year’s Budget mean that from 1st July 2014 people can invest up to £15,000 per annum in an ISA split as they choose between stocks & shares and cash. According to investment business, Skandia, whilst the new ISA regulations do not come in until 1st July, regular savers can take advantage of the increased limits next week by increasing their monthly contributions to £1,250 from Monday 7th April.

03/04/2014

Skandia, part of Old Mutual Wealth, today confirms it will enhance the cash option available on its ISA in time for the new rules in July. Skandia will make cash available as a longer term holding, rather than a short term cash deposit facility, with the interest rate rising to approximately 0.40% in time for the new tax year, up from 0.10%. Skandia is looking to secure the highest interest it can in time for the changes on 1st July. 

27/03/2014

Skandia, part of Old Mutual Wealth and one of the largest pension drawdown providers in the UK, has today launched new system functionality to enable customers and financial advisers to take advantage of the new flexible pension regime with immediate effect.

19/03/2014

In today’s budget statement, the chancellor gave the UK public greater flexibility in how they save for their retirement.  According to investment business Skandia, the changes reflect the changing nature of retirement in the UK with people increasingly looking to phase in to retirement over a longer period, rather than it being a ‘cliff edge’ decision. 

18/03/2014

Ahead of this Wednesday’s Budget announcement, Skandia, part of Old Mutual Wealth, is repeating its call for the Chancellor to improve access to workplace financial advice, along with four other key changes for a clearer market.

10/03/2014

Skandia International, part of Old Mutual Wealth, is the first provider to structure an Investec Autocall as an internal fund, enabling it to be held within an offshore bond in the UK.  This innovative new fund launches today, and will help meet the growing demand for structured capital at risk products to be available through an offshore bond wrapper in the UK.

10/03/2014

Peter Mann, vice-chairman of Old Mutual Wealth, today announces his intention to retire from the Group and pursue new challenges outside of the company. Peter has been with Old Mutual Wealth, comprising Skandia and Old Mutual Global Investors, for 12 years, arriving in 2001 when the Group acquired Bankhall where Peter was CEO. Peter has since held a number of positions in the business including CEO Skandia UK and vice-chairman Old Mutual Wealth.

06/03/2014

Partnership with Sky Sports for Golf.

06/03/2014

89% of financial advisers in the UK agree trusts can offer advantages over a will, according to a new survey* conducted by Skandia International, part of Old Mutual Wealth. The survey also revealed that only around 22% of UK advisers’ clients hold a trust, compared to 60% that hold a will, showing clear potential for more people to benefit from holding a trust.

05/03/2014

Following its successful re-entry into the critical illness market in April last year, Skandia, part of Old Mutual Wealth has revealed that 96% of claims received a pay-out in 2013.

28/02/2014

Old Mutual Wealth, comprising Skandia and Old Mutual Global Investors, today announces the acquisition of Intrinsic, the UK’s largest network of restricted and independent financial advisers. The acquisition is an important step in the company’s strategy of creating the UK’s leading retail investment business, improving access to wealth management services for customers across the UK.

28/02/2014

Old Mutual Wealth, comprising Skandia and Old Mutual Global Investors, saw IFRS Adjusted Operating Profit increase by 11% to £217 million (2012: £195 million) as it continues to benefit from the growing demand for platform based portfolio management solutions post RDR. Its assets grew by 13% during the period to £78.5 billion as at 31 December 2013 (2012: £69.2 billion).

26/02/2014

With the latest HMRC campaign aimed at targeting investors with overseas assets, some investors could be worried about the impact this could have on their overseas investments, and others could be put off from investing overseas altogether. However, it’s not all doom and gloom, once assets have been appropriately disclosed there are ways in which the investments can be restructured, or new investments made, to make them more efficient going forwards.

24/02/2014

Investment business Skandia, part of Old Mutual Wealth, today announces the launch of a new range of managed investment portfolios, called WealthSelect, which give investors access to top fund managers in the market at an average fund charge of 0.52%.

13/02/2014

Extension of tax relief for workplace employee advice crucial in improving consumer outcomes.

06/02/2014

Skandia, part of Old Mutual Wealth, today announces details of the new range of funds and discretionary portfolio management service that it will launch later this month to complete its WealthSelect range of portfolio management solutions.

05/02/2014

The majority of financial advisers in the UK, 58%, want product providers to facilitate trust advice fees from the investment held within the trust according to a new* adviser survey conducted by Skandia International, part of Old Mutual Wealth. The remainder, 42%, want the trustee or client to write them a cheque rather than be facilitated by the provider.