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November 2014


Old Mutual Wealth has revealed that from today its critical illness insurance product, ‘Protect’, has been expanded to cover 65 conditions and now includes cover for all types of heart attack* and vascular disease and extended coverage for strokes.


Old Mutual Wealth today (Nov 24) announces its approach to the sunset clause in the FCA’s platform paper. The approach is designed to give advisers and their clients as much time as possible to move to adviser fee arrangements.  At the same time, Old Mutual Wealth is also announcing the launch of a platform-led share class conversion process, with the first conversions taking place in February 2015.


Skandia International, part of Old Mutual Wealth, has appointed industry leader Marcel Bradshaw as sales director. The appointment will further strengthen Skandia International’s position as the leading provider of international wealth planning solutions as it rebrands to Old Mutual International at the end of the year.


From April 2015 individuals will be given the freedom to withdraw their entire pension pot as cash after age 55. Research suggests that 12% already plan to take their entire pension as cash but most do not know how it will be taxed.* Among those who withdraw some or all of their pension as cash, many will hope to invest in buy to let. Analysis from Old Mutual Wealth shows the scale of the tax implications they face.** 


Old Mutual Wealth, a leading retail investment business, continued to grow in Q3 2014 with net client cash flow (NCCF) of £0.8 billion during the period, up 33% on Q3 2013 (£0.6 billion). The increase takes year to date NCCF to £2.0 billion, an increase of 43% compared to 2013.

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