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July 2014


Skandia International, part of Old Mutual Wealth, builds its team in the Middle East and Africa with the appointment of Matthew Firman.


Skandia International, part of Old Mutual Wealth, develops its growth strategy in Asia with two new developments. Firstly, it has expanded its presence in Asia by entering into a strategic partnership with Jardine Lloyd Thompson Asia (JLT), one of the largest brokers in Asia. Secondly, it has launched an innovative new life cover solution to meet the needs of high net worth individuals and businesses in Asia.


Nearly two-thirds of advisers have witnessed an increase in business enquiries since the Budget announcement, according to a survey conducted by investment business Skandia, part of Old Mutual Wealth.


The Q2 net sales data from the Skandia Investment Solutions platform reinforces the market wide spike in property fund sales, suggesting investors are unsure about some asset classes and are looking elsewhere to balance their portfolios. With poor cash rates, low bond yields and some equity markets hitting at all-time highs, investors are turning to property as their favourite investment.


Investment business Skandia, part of Old Mutual Wealth, has welcomed an amendment to the Finance Bill which will see the promised ‘Freedom & Choice’ in pensions announced in the Budget made available to many more occupational pension scheme members.


Old Mutual Wealth, comprising Skandia and Old Mutual Global Investors, has received regulatory approval for its acquisition of Intrinsic and the transaction officially completed on 1 July 2014. The acquisition is a significant milestone in Old Mutual Wealth’s strategy of building an integrated customer proposition comprising financial advice, asset management and wealth management products. 

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