Quilter Cheviot

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Old Mutual International has completed a rebrand of its business, dropping the historic Skandia brand, and has outlined plans for a new researched fund range following the acquisition of Quilter Cheviot.

Old Mutual Wealth has finalised a deal to acquire Quilter Cheviot for £585m.

Old Mutual is in advanced talks about a £650m takeover of the UK's second largest independent wealth manager Quilter Cheviot, according to Sky News.

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

Pension contributions are likely to increase following the Chancellor's sweeping retirement income changes announced in the Budget, advisers predict.