Old Mutual reports surge in net client cash flows
Amount more than tripled in the group’s year to end-December, partly due to improving adviser productivity
25 January 2021 - 08:34
Old Mutual net client cash flows more than tripled in its year to end-December amid strong investment flows and improving sales due to adviser productivity, the financial services group has reported.
Net client cash flow of R10.1bn to end-December was R7bn higher than the prior year, Old Mutual said in a trading update, adding that while it had experienced encouraging signs of recovery in sales, it is concerned about rising Covid-19 infection rates...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.