Old Mutual Wealth recruits Architas investment specialist
UK-based Old Mutual Wealth has hired former Architas investment development manager, Andrew Miller, to work with financial advisers to help improve the firm’s investment solutions.
UK-based Old Mutual Wealth has hired former Architas investment development manager, Andrew Miller, to work with financial advisers to help improve the firm’s investment solutions.
The UK pension reforms have caused the demand for financial advice to rise significantly, according to Old Mutual Wealth.
Old Mutual International, which rebranded from Skandia International last December, has reported a strong pick up in business for the first quarter of 2015.
As of 6 April 2015, non-UK residents will no longer benefit from attractive tax advantages when they invest in the UK residential property market.
Old Mutual International has promoted Steve Hickman to head of region and chief executive in Singapore and South East Asia to replace Craig Ellis, who resigned in March.
Product launches, additional local staff and Hong Kong-domiciled funds are part of the plan as Old Mutual Global Investors extends an aggressive Asia expansion, Warren Tonkinson, head of distribution, tells Fund Selector Asia.
New business sales of UK-distributed offshore bonds fell by 10.7% last year but were contracting at a slower pace than in recent years, while the onshore version saw sales pick up in 2014 for the first time since the financial crisis.
UK-based advisory giant Sesame has confirmed that Intrinsic is its preferred network partner for investment advisers who decide to leave the network.
Advisory network giant, Sesame, is to shut down its Financial Adviser School as part of its wider efforts to return the business to profit.
Old Mutual Global Investors said its Asian equities team has received regulatory approval to operate from their Hong Kong office, marking the first time the business will have on the ground fund management capabilities in Asia.
Old Mutual’s Julian Roberts has stepped down from his role as chief executive after seven years and will be succeeded by Bruce Hemphill.
Savers who inadvertently incur a heavy tax bill by drawing down funds from an offshore bond in a tax inefficient manner may be able to apply to the courts to reverse their decision, according to a recent legal decision.