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October 2015


The perceived cost of financial advice is the main factor discouraging people from seeing an adviser and consumers have unrealistic expectations about the price they can expect to pay for advice, research from Old Mutual Wealth and Intrinsic has found*.


Leading wealth management business, Old Mutual Wealth, today unveils its new retirement proposition, IncomeSelect. IncomeSelect brings together three leading elements that are transforming retirement planning for financial advisers. These elements are; an income planning tool, the new multi-asset Generation funds from OMGI (Old Mutual Global Investors Launches Revamped Generation Portfolios) and the flexible pension product, the CRA.


Intrinsic, part of Old Mutual Wealth, is today announcing it has provisionally agreed to acquire The Financial Adviser School. It is one of two key initiatives announced today, which form an important part of Old Mutual Wealth’s ongoing commitment to financial advice (see Old Mutual Wealth and Intrinsic launch national advice business).


Old Mutual Wealth and Intrinsic are today announcing the launch of a national advice business, Old Mutual Wealth Private Client Advisers. 


The FCA paper issued today on pension reforms looks to increase the level of information communicated from providers to pension customers. The intention is to ensure the customer is continuously updated with relevant information that will help them not only with an initial decision but with ongoing decisions. These extra measures will make it more explicit to customers if their current level of income is unsustainable, and could act as a prompt for them to seek financial advice.


The non-domicile consultation paper, issued yesterday (Sept 30, 2015), introduces tougher restrictions for non-domiciles beyond those already announced in the Budget.

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