Old Mutual Intl launches
Old Mutual International has launched a new wealth management product which is fully compliant with the ban on indemnity commission introduced in Hong Kong on 1 January this year.
Old Mutual International has launched a new wealth management product which is fully compliant with the ban on indemnity commission introduced in Hong Kong on 1 January this year.
Offshore savings and investment firm, Skandia International, has completed its rebrand as Old Mutual International and is soon to launch a new fund range.
This year’s Autumn Statement delivered a number of headline-grabbing tax savings for people in the UK.
Since rebranding at the beginning of last year, Old Mutual Global Investors has gone from a top 20 placing in the UK wholesale space to being a top five player. High-profile recruitments have helped, says OMGIs global head of distribution Warren Tonkinson, but that is only part of the global story.
The UK government has today announced a “U-turn” on plans to introduce a single settlement nil rate band on trusts.
Old Mutual Global Investors has launched the Old Mutual Europe (ex UK) Smaller Companies Fund.
Old Mutual Global Investors is at an “advanced stage” of setting up partnerships with selected life companies and platforms to develop pooled fund products for the retirement market, in readiness for next year’s radical UK pension regime reforms.
A fine of £300 could be imposed on those who deliberately abuse the new pension tax rules.
Old Mutual Global Investors has entered into a distribution agreement with Uruguay headquartered Aiva, broadening its sales capability in the US offshore and Latin American markets.
Skandia International said it will continue to conduct business from the Dubai International Financial Centre, despite questions being raised about its regulatory position, following the announcement yesterday that Standard Life had decided to exit due to regulatory pressures”.
Skandia International has seen its funds under management (FUM) grow by just 2% this year, as strong UK offshore sales are offset by lower sales in the Far East.
Old Mutual has hired a head of international distribution to lead its future facilitation of global growth opportunities.