Old Mutual Int’l and AAM Advisory in court against IFS
Old Mutual International appeared as a defendant in Singapore’s supreme court alongside its local advice business AAM Advisory on Thursday.
Old Mutual
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Old Mutual, Nedbank, Sanlam hit by South Africa’s junk status
South Africa’s credit rating downgrade to junk status has had an inevitable knock-on effect on the country’s life insurers and banks, including Nedbank, Old Mutual and Sanlam.
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OMI’s Kenny on the high net worth ‘sweet spot’
Peter Kenny of Old Mutual International talks to International Adviser about the Isle of Man-based life company’s move into the high net-worth arena and the challenges and opportunities to come.
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Old Mutual ‘planning to exit’ China via joint venture sale
Old Mutual is reportedly pulling out of China after putting its stake in a joint venture with a local life insurer up for sale.
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UK probate fees hike faces delays amid ‘death tax’ claims
The UK government’s plan to dramatically increase probate fees has suffered a setback after British politicians announced that the measure could only be introduced with the consent of parliament.
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What the changes to the UK nil rate band mean for IHT planning
A staggering 70% of people have no understanding of the new residence nil rate band allowance coming into force on 6 April, which could have serious implications for their inheritance tax planning, warns Old Mutual Wealth financial planning expert, Rachael Griffin.
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Old Mutual break-up plan continues with US asset arm deal
Old Mutual has agreed to sell a minority stake in its US asset management business to Chinese financial services group, HNA Capital, for $446m (£354m, €410m).
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The Isle of Man’s new regulations and what they mean for life offices, advisers and customers
The Isle of Man insurance regulator, the Financial Services Authority (FSA), is soon to announce a new set of rules that will raise the bar on how international life business is conducted from the Isle of Man.
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Finance Bill offers no clarity on life policy part surrenders
The Finance Bill failed to shed more light on how HM Revenue & Customs plans to recalculate the gain on partial surrenders when policyholders withdraw money from their life insurance policies the wrong way, says Rachael Griffin, financial planning expert at Old Mutual Wealth.
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PEOPLE MOVES: Standard Life/Aberdeen, Killik, OMGI
Standard Life and Aberdeen have clearly defined the roles co-chief executives Keith Skeoch and Martin Gilbert will fill once the companies merge. Killik & Co’s Sarah Lord surprised many this week by announcing plans to move on from the company, while OMGI has parted ways with its fixed income head.
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Staying ahead of ever-changing international regulation
David Denton, Head of International Technical Sales at Old Mutual Wealth talks international markets, offshore bonds and the enduring need for financial planning.
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Old Mutual Int’l focuses on ‘select group’ of Swiss-based IFAs
Old Mutual International has confirmed that it has altered its distribution strategy in Switzerland to focus on a more “select group of expat IFAs”, contradicting industry reports that it was pulling out of the market altogether.