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Buxton Richard Old Mutual

Old Mutual sells OMGI in £600m deal

Old Mutual has confirmed the sale of OMGI for £600m, the latest step in its managed separation. OMGI chief executive Richard Buxton and the senior management team will partner with private equity house TA Associates to buy the single strategy asset management business, which manages £25.7bn. The deal sees the single strategy business separate from […]

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Lifetime allowance

Jim Grant, Senior Product Insight & Technical Support Analyst Benefit crystallisation events and the lifetime allowance charge – all you need to know. The lifetime allowance (LTA) is the maximum amount that can be crystallised before a charge applies. It used to be £1.8m but it’s steadily decreased to £1m. There’s a whole list of […]

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