Old Mutual is to separate its four main businesses - Old Mutual Emerging Markets, Old Mutual Wealth, Nedbank Group and OM Asset Management in the US, following the conclusion of a strategic review.
The firm said the managed separation of the group will be handled with the view to maximise shareholder value over time. The breakup is expected to complete by 2018. Nedbank and US-based OM Asset Management...
Feasibility study due
'Let’s be bold enough to demand change'
Joint life second death option added to relieve tax burden on couples gifting assets
Backed by Schroders, LGIM and the IA
New system for funds without without three-year track record