Peter Mann

Peter was appointed Managing Director UK, when the Skandia businesses merged in September 2012 to form Old Mutual Wealth. Previously Chief Executive Officer (CEO) of Skandia UK, he remains responsible for the development of the business in the UK market.

Peter has over 30 years’ experience working in the Financial Services industry. Prior to joining Skandia in 2008 as Chief Development Officer, Peter was Chief Executive of Bankhall, a leading supplier of support services to financial advisers. As Bankhall CEO, Peter was an active member of the AIFA panel, lobbying the FSA, ombudsman, product providers and other market participants on behalf of Bankhall members. He was also a regular spokesperson on panel debates throughout the industry speaking on key industry topics and ensuring that the voice of Bankhall members and the wider intermediary market was heard.

Prior to those roles Peter was an independent financial adviser and Pension Director for a large financial advice firm in Glasgow, Sales Director at Scottish Amicable and Group Distribution Director at Prudential.

Posts by Peter Mann

Posted by Peter Mann on May 2, 2013 at 9:10 am

You will have seen that the Financial Conduct Authority has recently issued its platform policy statement covering new platform remuneration and cash rebate rules due to come into effect on 6 April 2014.

The paper confirms that some unbundled platforms (including our new business platform) are already compliant with the rules, a year ahead of the deadline. We also expect that many advisers will now need to revisit their platform due diligence to ensure that they can have confidence that their platform is fit for the purpose both now and in the future.

Fund rebates can continue to be passed in full to the customer in the form of units, whereas cash rebates will be banned.