Old Mutual Int’l focuses on ‘select group’ of Swiss-based IFAs

Added 16th March 2017

Old Mutual International has confirmed that it has altered its distribution strategy in Switzerland to focus on a more “select group of expat IFAs”, contradicting industry reports that it was pulling out of the market altogether.

Old Mutual Int’l focuses on ‘select group’ of Swiss-based IFAs

A spokesperson for Old Mutual International said it was “just amending our acceptance policy. This is in line with our strategy of simplifying our business and focusing on our core growth markets”.

This has involved not accepting certain lines of business, with a greater emphasis on advisers with high net worth clients, the spokesperson added.  

International Adviser was told that Old Mutual International had been phoning IFAs in Switzerland and telling them that they would be accepting no more business after 30 June this year.

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Mark Battersby

Editor, International Adviser

International Adviser

Mark Battersby is editor of International Adviser. He is also programme director for International Adviser events in strategic expat locations around the world, and its flagship FundLinks conference in London. Mark joined Last Word Media in February 2012, having previously worked at Citywire, Interactive Investor International, and FT Business.

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