Budget reforms and WealthSelect spur 33% jump in Old Mutual Wealth Q3 flows

clock

Old Mutual Wealth saw Q3 net inflows rise 33% year-on-year as government savings reforms began to take effect and the WealthSelect range gained traction.

The business saw net client cash flows of £800m over the quarter, up from £600m in Q3 2013, helping take total funds under management to £82.2bn by 30 September. While gross and net sales at Old Mutual Global Investors (OMGI) were flat year-on-year, the UK platform enjoyed its strongest quarter of the year to date on a gross basis, with £1.3bn of gross flows. Net flows to the platform stood at £500m, up from £400m a year previous, to help total platform assets to £29.5bn. The most significant boost appears to have come via the business' WealthSelect proposition, launched earlier th...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers zoomed in on capital accumulation in Q4 2025

Advisers zoomed in on capital accumulation in Q4 2025

Titan Square Mile research finds

Jen Frost
clock 30 January 2026 • 3 min read
Measure for measure: How to track your tracker fund

Measure for measure: How to track your tracker fund

Tracking difference and tracking error

Terry McGivern
clock 28 January 2026 • 3 min read
SJP and AJ Bell pivot from US mega-caps in MPS as concentration woes continue

SJP and AJ Bell pivot from US mega-caps in MPS as concentration woes continue

Healthcare, energy and EM preferred

Linus Uhlig
clock 28 January 2026 • 2 min read