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Old Mutual Wealth 2014

Old Mutual Wealth sales boosted by pension freedoms

Old Mutual Wealth has reported a 16 per cent rise in year-on-year sales during the first quarter, from £3.9bn to £4.6bn, as assets on its UK platform hit £33bn. The firm’s interim management statement for the first three months of 2015, published this morning, reveals platform sales were up 15 per cent year-on-year to £1.45bn, […]

Ambitious landlords fuelling rise in remortgage business

Competitive rates and ambitious landlords are driving a growing focus on remortgaging among buy-to-let lenders, according to experts. Figures issued by broker Mortgages for Business show that 66 per cent of buy-to-let loans were for remortgages in the first quarter of 2015, up from 62 per cent at the end of 2014. Remortgages have now […]

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Banks to plead guilty over forex rigging

Barclays and Royal Bank of Scotland are set to plead guilty this week to charges of rigging the foreign exchange market, with fines running into almost £3bn. The two banks are among the institutions that have been under investigation of manipulation of currency benchmarks since 2013. The Sunday Times reports both are set to accept substantial […]

What exactly is product innovation?

By Fiona Tait, Pensions Specialist Ros Altmann reportedly hoped for more product innovation following pension freedom¹ and, according to one poll, 66 per cent of advisers also believe that providers should be doing more². This article considers whether there is a real client need for new products, or whether we should be focusing our attention on efficient delivery […]

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