EXCLUSIVE: Old Mutual Int'l in £100 policy waiver move due to charging error going back three years

clock • 1 min read

Old Mutual International (OMI) has had to write to hundreds of its clients worldwide as a result of an embarrassing administration error that has led to some third party charges on investments - going back up to three years - now being reclaimed by the firm.  The Isle of Man-headquartered international financial services giant has written to clients and IFAs concerned to apologise for the administration error, that has led to some third party transaction costs on its products not being billed.   When a trade is placed in, for example, exchange-traded funds (ETFs), equities or investme...

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