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....
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$4.4bn weekly outflows
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