OMGI sees 43% increase in flows while pension freedoms boost platform sales

Platform sales of £1.6bn

Old Mutual Global Investors(OMGI) has reported net flows grew 43% year to date, up from £1.4bn a year ago to £2bn.

In its third quarter results to 30 September, the firm said flows were £1bn during the period, driven by gross sales of £2.7bn. A total of £0.3bn of these flows came from the Intrinsic network, while a further £0.3bn was from advisers using the Old Mutual Wealth platform. Year-to-date OMGI gross sales were up 19% to £7.8bn, compared to £6.5bn for the same period a year ago.  Funds under management were up 6% year to date to £22.2bn, from £21bn at the start of the year.  Old Mutual's Feeney: Pension reforms are 'shot of adrenaline' for financial services The firm's platform sa...