Print Share

February 2017


Intrinsic Financial Services (‘Intrinsic’), part of Old Mutual Wealth, announces it has reached a conditional agreement to acquire the financial adviser network, Caerus.

27/02/2017 The flat rate fee of £215 (or £155 if using a solicitor) will change to one which is tiered based on assets. The change will mean lower value estates are exempt from any charge, but the charge on estates which exceed £50,000 will increase – some quite dramatically.


Staff from Old Mutual International have donated over £26,000 to two Isle of Man charities. Thanks to a year of fundraising by staff, Friends of the Hyperbaric Chamber and A Little Piece of Hope were each presented with a cheque for £13,707.


Rachael Griffin, tax and financial planning expert for Old Mutual Wealth: “The government undoubtedly faces a consumer and trade union backlash against these proposals, despite the fact they appear to be a long way away from reaching a conclusion. 


A new pension planning calculator will launch ahead of tax year end to help advisers deal with complex changes to the annual allowance. 


Old Mutual Wealth feels strongly that the reduction in the Money Purchase Annual Allowance (MPAA) from £10,000 to £4,000 should not be implemented as it is the antithesis of pension freedoms and it should be dropped.


Old Mutual Wealth announces the appointment of Rosie Harris, George Reid and Tim Tookey as independent Non-Executive Directors of the Old Mutual Wealth Board.  Rosie will become Chair of the Board’s Risk Committee in April 2017, George will join the Audit and Risk Committees and Tim will be Chair of the Board’s Audit Committee, both gentlemen joined the Board in February 2017. These appointments follow those of Moira Kilcoyne and Cathy Turner, who joined the Board in December 2016.


If you’re covering the Resolution Foundation report for the Intergenerational Commission released today, please see the below from Jon Greer, Pensions Expert at Old Mutual Wealth:


Old Mutual Wealth is calling for Chancellor Philip Hammond to reverse the proposed reduction in money purchase annual allowance (MPAA) in the Spring Budget Freedom of Information (FOI) request reveals Government assumptions on those affected by the reduction in MPAA is not based on hard evidence. The rule change is inconsistent with other Government objectives.


If you are covering today’s  Supreme Court judgement on the application by Denise Brewster for Judicial Review, please see the below commentary from Old Mutual Wealth pension expert, Jon Greer.

First Page of ResultsPrevious PageLast Page of Results