OM to decide architecture future by September

Graham Bentley, head of marketing at Selestia, says he expects some sort of announcement on the direction of the integration by September. Selestia parent Old Mutual said in a trading statement on 20 June that it would be looking to squeeze a 2% to 3% pre-tax margin improvement from the Skandia business in the UK market by 2008. It also targeted a 12% return on invested capital by the same year. Coupled with the aim of doubling Skandia’s funds under management in the next five years, it has previously been speculated by those close to IT in the industry some sort of technology platform ...