Profits up 14 per cent at Old Mutual

Savings, investments and insurance giant Old Mutual saw a strong increase in adjusted profits in 2011 despite a fall in funds under management (FuM) and net client cash flows (NCCF).

Savings, investments and insurance giant Old Mutual saw a strong increase in adjusted profits in 2011 despite a fall in funds under management (FuM) and net client cash flows (NCCF).

Adjusted operating pre-tax profit jumped 14% to £1,515m in the 12 months ended December 31st.

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