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.
