Old Mutual to break into 4 new businesses
South African financial services group Old Mutual has decided to break up its business into four separate units as it believes they will perform better independently.
Old Mutual
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PEOPLE MOVES: FPI, Source, Old Mutual…
FPI has named a new financial director and Source has appointed a UK chief executive. In spite of break-up rumours, Old Mutual Wealth has hired a head of proposition from Sanlam. Both Vonobel and Aviva Investors announced departures.
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Old Mutual considering break-up options
Speculation is growing that Old Mutual, the global financial services group, may be about to announce plans to break up its operations into four new units.
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Source UK hires ex-OMGI head as CEO
The former chief executive of Old Mutual Global Investors, Julian Ide, has been hired as chief executive of Source UK Services, the latest in a series of management announcements this year.
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FCA raises concerns over life company fee transparency
The UK’s Financial Conduct Authority has raised concerns over the transparency of exit and penalty charges found in the closed-book life insurance policies of six insurance firms, including Old Mutual and Prudential.
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Old Mutual Int’l offers offshore bond for Swedish investors
Old Mutual International (OMI) has launched a new whole-of-life portfolio bond with special custodian features that have been tailored specifically for Swedish investors.
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L&C adds Quilter Cheviot to advisory panel for low-cost Qrops
London & Colonial (L&C) has added Quilter Cheviot to the panel of approved discretionary fund managers (DFMs) for both its low cost Qrop and Sipp pension schemes.
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OMGI to launch gold and silver fund
Old Mutual Global Investors (OMGI) is to launch its Old Mutual Gold and Silver Fund next month.
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OMW lifestyle trust targets growing IHT market
As HMRC remains focused on new rules for inheritance tax and trusts, Old Mutual Wealth has responded to calls for greater IHT flexibility with its newly launched lifestyle trust.
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AllianzGI to buy Rogge Global Partners from Old Mutual
Allianz Global Investors is set to purchase £24.1bn fixed income house Rogge Global Partners (RGP) for an undisclosed sum.
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OMI tackles high net worth channels with new investments
One year on from rebranding Skandia International as Old Mutual International, sales director Marcel Bradshaw talks about the positive impact of the process, the rationale behind the company’s sponsorship of the England rugby teams and the shift to outsourced investment solutions
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PEOPLE MOVES: Prudential, JP Morgan, Old Mutual Wealth…
We’re now in the second month of the year and corporate musical chairs doesn’t appear to be slowing. In fact, opening International Adviser’s mailbox each morning to a slew of appointments, promotions, and departures is beginning to feel a bit like Groundhog Day.