Old Mutual Wealth is planning to turn around its Skandia platform by halving costs as a proportion of FUM after the business made a £5m loss in the first half of 2012.
Old Mutual Wealth (OMW) chief financial officer Mark Satchel has revealed to investors the platform business sustained a pre-tax loss equivalent to five basis points of FUM (£10.2m) on an annualised basis....
High level data analysis can provide useful flags, but the real challenge is to understand the dynamics and key economic factors to create a much more detailed picture of whether GEMS (or any asset class) offer good value.
AGM held earlier today
Follows fund registration in UK
FTSE 100 down 1.1%
Fall of 46%