Old Mutual Wealth

Old Mutual Wealth chief executive Paul Feeney has told analysts that platforms must seek to integrate with other businesses if they are to survive in the coming years.

The Skandia name is to disappear as the group rebrands as Old Mutual Wealth across all UK operations.

Quilter Cheviot, the UK's second-biggest independent wealth management group, has rejected a £600m bid from Old Mutual, according to a report.

Old Mutual Wealth chief executive Paul Feeney has contacted clients to defend a decision to shut the Skandia Invesco Perpetual income funds, pointing to "truly exceptional circumstances" following Neil Woodford's departure.

An IFA has left network Intrinsic after he felt he was being nudged towards adopting a restricted proposition.

Old Mutual Wealth, comprising Skandia and Old Mutual Global Investors, has officially completed its acquisition of advice network Intrinsic, following regulatory approval.

Skandia shows its hand in fund group negotiations

Old Mutual Wealth reported a more than doubling of net flows in the first quarter of 2014, buoyed by its WealthSelect fund panel.

Henderson's Stewart Cazier is to join Old Mutual Wealth, with Paul Craig also joining the firm, after the group agreed a deal to buy up Henderson's remaining stake in Intrinsic's investment company Cirilium.

Richard Buxton and Philip Matthews have both slipped into the bottom quartile of the UK All Companies sector on a six-month view following their moves to Old Mutual and Schroders respectively.