Old Mutual sets up subsidiary

Old Mutual is setting up a UK investment subsidiary to offer a multi-manager funds platform, available via on and offshore life products, writes Robert Stock. The subsidiary, aimed at high net worth individuals, is looking to link to a range of carefully selected funds which investors can switch between while protecting them from crystallising capital gains. At present, it is using the name Old Mutual Life UK but will be launching a new brand later in the year. It is in the process of talking to investment managers to select the funds to populate its platform in preparation for a Novem...