Old Mutual Wealth platform boosted by pension freedoms

Platform sales of £1.6bn in Q3 'best this year'

Laura Dew
clock

Old Mutual Wealth has reported strong platform sales following the introduction of the retirement reforms in April.

The group's platform saw sales of £1.6bn, the strongest quarter of the year, which brought year-to-date sales to £4.6bn. It said this was driven by changes to pension freedoms, with the platform reporting a 71% increase in sales of pension products compared to a year ago.  It also launched an IncomeSelect retirement proposition, which brings together the Old Mutual Generation fund range with a new income planning tool. Meanwhile, Old Mutual Global Investors (OMGI) reported net flows grew 43% year to date, up from £1.4bn a year ago to £2bn. In its third quarter results to 30 Septemb...

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

Risk Warning Review plans aim to address 'negative framing' of investing

Risk Warning Review plans aim to address 'negative framing' of investing

Lowest investment rate in G7

Alex Sebastian
clock 09 April 2026 • 2 min read
Equity fund outflows hit £1.44bn during war-torn March

Equity fund outflows hit £1.44bn during war-torn March

Calastone Fund Flow index shows

Professional Adviser
clock 09 April 2026 • 2 min read
Quality investing: Holding conviction when markets test investors

Quality investing: Holding conviction when markets test investors

Quality investors have no doubt had their conviction 'severely tested' of late

Scott Spencer
clock 31 March 2026 • 5 min read