Can Old Mutual get it together?
The life insurer’s banking swing at the mass market could prove a win for a company that has long struggled to regain its former stature
23 March 2023 - 05:00
The economy gives, and it takes. That’s nowhere clearer than in Old Mutual’s 2022 results.
Whereas the life insurer experienced solid business growth in its mass and foundation cluster, which targets lower-income clients, its personal finance and wealth management unit got whacked. No wonder the company is targeting the mass and foundation cluster once it restarts its banking endeavours...
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