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Old Mutual to list two units next year, first half profit up 37 percent

Anglo-South African financial services group Old Mutual plans to list two divisions in 2018, it said on Friday, as it reported a 37 percent rise in first-half operating profit.

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Peter Bain Resigns as Old Mutual Asset Management CEO

After six years at the helm of old Mutual Asset Management (Omam), Peter Bain has decided to step down from as president, chief executive and director. 453 more words

South Africa

The Old Mutual IGC - "impotent and bed rid"

Last year I was enthusiastic about the Old Mutual Wealth (OMW) IGC. I am afraid my enthusiasm has turned to world-weary scepticism that the IGC packs a punch sufficient to push much forward for the members of the various legacy pensions in which 18,500 members are locked. 730 more words

Pensions

Old Mutual puts China insurance joint venture stake on block

Old Mutual (OML.L) has put up for sale its 50 percent stake in a Chinese insurance joint venture, people with direct knowledge of the matter said, as part of a revamp of the Anglo-South African financial group and amid a tough market for foreign insurers in China.

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Old Mutual sells down further stake in OMAM

Old Mutual has struck a deal to offload almost half of its stake in its asset management business for $446m.

Sourced through Scoop.it from: www.digitallook.com

Scoop.it

#Budget2017

Got to cover “the lighter” side of this year’s budget speech, via the annual Budget Speech Competition. Twenty finalists battled it out to win over R400 000 in cash prizes for their essays, outlining what economic fixes there are for some of South Africa’s most pressing issues. 74 more words

News

Financial advice, master or menace?

Which came first, the need or the greed?

Old Mutual Wealth (a company that owns one of Britain’s largest financial advice networks and is build a tied network) has commissioned a survey that tells us 90% of those between 30 and 45 have not made financial plans for their retirement. 1,312 more words

Pensions