View more on these topics

Old Mutual chief exec Bob Head resigns

Old Mutual Wealth Management chief executive Bob Head is to leave the firm.

Head has been with Old Mutual since 2003 and took up his current role in 2009 under the remit of bringing together the businesses of Skandia UK, Skandia International, Skandia Investment Group and Skandia Continental Europe.

Old Mutual says when Head took on the role it was agreed once the current stage of this transformation was met he would hand over the running of the business. He will officially leave the post in October.

Head was responsible for reducing costs at Skandia and was set a target of £45m of cuts and closing nine Skandia UK regional offices which included 250 job cuts.

The firm says Head achieved these targets 18 months ahead of schedule. Old Mutual is currently seeking a replacement.


Towry profits leap by almost half

Towry says it is still on the acquisition trail after announcing a 29 per cent increase in assets under administration, from £3.5bn to £4.5bn, for the first half of 2011. The firm’s interim results, published this week, show a 47 per cent increase in profits to £9.4m from £6.4m. The firm saw adviser numbers drop […]


Arch cru investors to receive payment offer by end of October

Investors in the CF Arch cru fund range will receive a personalised offer outlining the payments they are entitled to from the £54m Payment Scheme by the end of October 2011. Those with investments in multiple share classes or sub-funds of the CF Arch cru funds will receive a separate application pack for each of […]


Ivan Massow targets IFAs’ trail with new launch

Former IFA Ivan Massow has launched a new proposition which pledges to return the majority of trail commission clients are paying if they switch from their current adviser. Massow’s says it will return 80 per cent of the trail commission and keep 20 per cent itself and is targeting clients who are not receiving any […]

14% Of funds now on Bestinvest’s dog list

Nearly one in seven retail equity onshore funds are underperforming as the overall value of assets in dog funds leaps by 74 per cent to £23.1bn, according to Bestinvest’s latest Spot the Dog list. The list shows 94 of the 682 funds, or almost 14 per cent, have failed to beat their benchmark index in […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm