OMGI’s Buxton: Brexit “not going to happen”
Brexit should not concern investors because it is “simply not going to happen”, according to Old Mutual Global Investors chief executive Richard Buxton.
Old Mutual
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OMGI keen on EM sovereign bonds
Old Mutual Global Investors is overweight Indonesian and Indian government local currency bonds.
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OMW launches flagship int’l multi asset portfolio range
The Old Mutual Compass Portfolio range is the first launch from the Old Mutual Wealth multi asset unit formed last year, which combines the best in class capabilities from Old Mutual Global Investors (OMGI) and Quilter Cheviot.
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OMGI launches UK long/short Ucits fund
Old Mutual Global Investors (OMGI) is to launch the Old Mutual UK Specialist Equity Fund on 28 April 2016. Subject to regulatory approval, the Ireland-domiciled fund will be registered for sale in a range of European countries and Singapore.
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OMW caps exit fees for customers aged 55+
Old Mutual Wealth is reducing its exit fees on traditional UK pension contracts, putting a 5% cap in place for all customers aged 55 or older.
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Big insurer pullback from markets creating opportunity for others
Smaller international life companies are reporting a big pickup in activity as regulatory pressures and new technology drive the major players to restructure operations to focus on core strengths and markets, industry observers said.
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CGT reforms a ‘real boost’ to UK non-doms, says Old Mutual
Reforms announced by chancellor George Osborne earlier this month could mean that non-UK domiciles are thousands of pounds better off if they hold onto their overseas assets until after they change their status, Rachael Griffin, the financial planning expert at Old Mutual Wealth, has said.
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Private equity firms eye Old Mutual’s wealth arm
A number of US private equity firms are preparing bids for Old Mutual’s wealth division, with two funds rumoured to have already teamed up to make an offer, The Sunday Times has reported.
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PEOPLE MOVES: Axa, Carmignac, Quilter Cheviot
An Axa Group stalwart has announced his retirement plans, naming his successors in the process. Carmignac’s head of equity has departed, while Old Mutual’s Quilter Cheviot has made two UK-based appointments.
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Old Mutual completes Singapore acquisition
Old Mutual Wealth announced on Tuesday that it has completed its acquisition of Singapore-based expat advisory business AAM Advisory.
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Return to commission in UK ‘ruled out’ by FAMR report
In further industry reaction, a number of key players in financial services have reacted positively to the FAMR report’s positioning in favour of a fee-based only RDR regime, with no re-introduction of commission as remuneration for financial advisers.
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ANALYSIS: Changes for the ‘changemaker’ as OMW priced up
The four-way split of Old Mutual may be big news globally, though for many observers – and potential acquirers – the more remarkable story is its growing Wealth business.