Old Mutual Wealth sets out bulk-conversion plans

Old Mutual Wealth, the UK's third largest adviser platform with funds under administration of £30bn, will begin bulk converting any remaining clients in bundled share classes to unbundled in February 2015.

The move means the platform, rather than advisers, will take responsibility for notifying customers of the changes. It will bulk-convert all clients in all wrappers to unbundled share classes, provided...

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