Independence on the block? Advisers question Old Mutual's promise to Intrinsic IFAs

This morning Old Mutual Wealth - formerly Skandia - announced that it has bought advice network Intrinsic for an undisclosed sum. Intrinsic is one of the UK's largest advice firms with 3,000 members, a mixture of independent and restricted advisers. Old Mutual Weath pledged that the deal will see Intrinsic's existing management structures and dual business model remain in place. And, on the future facing its newly-acquired independent advisers, chief executive Paul Feeney said: "What we are saying to the financial advisory market is, if you want to stay as an independent financial adv...