Old Mutual Wealth's (OMW) adviser arm Intrinsic has seen losses increase almost 50% year-on-year in the first six months of 2016, but the investment company still believes in the firm's contribution to its "overall profitability".
Intrinsic lost a total of £13m in H1 2017, £4m more than in the same period of 2016, blaming half of the increases on larger Financial Services Compensation Scheme contributions and half on costs associated...
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DWP: ‘We must still be pragmatic.’