Old Mutual Malawi
Old Mutual Malawi is a subsidiary of Old Mutual Limited providing investment, insurance, pension, and wealth management services to retail and corporate customers in Malawi through branches, mobile money, and digital channels.
- Company typePrivate
- Founded1954
- HeadquartersBlantyre, Malawi
- Headcount—
- GTM typeB2B and B2C
- OfferingServices
What Old Mutual Malawi does
Old Mutual Malawi is a subsidiary of Old Mutual Limited, a South African-headquartered African financial services group with heritage dating to 1845. It has operated in Malawi since the late 1930s and opened its first Malawi office in 1954. The company provides a comprehensive suite of financial services including unit trusts (Interest-Bearing Assets Fund, Balanced Fund, Equity Fund), life insurance, funeral cover, pension fund administration, private wealth management, and corporate employee benefits to both retail/individual and corporate customers.
Operations are structured through four wholly-owned subsidiaries: Old Mutual Investment Group Limited, Old Mutual Life Assurance Company (Malawi) Limited, Old Mutual Unit Trusts (Malawi) Limited, and Old Mutual Pensions Services Company. Distribution combines three physical branches (Blantyre HQ, Lilongwe, Mzuzu) with digital channels including a web portal, mobile app, and mobile money integrations (TNM Mpamba and Airtel Money). The company operates under licenses from the Reserve Bank of Malawi and is governed by the Securities Act 2010, Insurance Act 2010, and Pensions Act 2023.
The business model is built on multiple fee streams: recurring insurance premiums (life, funeral), unit trust management fees (2.0-3.4% annually on AUM), private wealth management fees (1.0% annually on portfolios with K30M+ minimums), and pension fund administration fees for Defined Contribution and Defined Benefit schemes. The corporate pension fund administration segment is a meaningful contributor, while the retail base is broad and increasingly accessed through mobile money partnerships and digital channels.
Old Mutual Malawi firmographics
Firmographics- Name
- Old Mutual Malawi
- Legal name
- Old Mutual Limited
- Website
- https://oldmutual.co.mw
- Company type
- Private
- Founded year
- 1954
- Operating status
- Operating
- Short description
- Old Mutual Malawi is a subsidiary of Old Mutual Limited providing investment, insurance, pension, and wealth management services to retail and corporate customers in Malawi through branches, mobile money, and digital channels.
- Ownership category
- akta.pro rank
Old Mutual Malawi industry classification
Industry- Product category
- Life Insurance and Investment Management
- NAICS
- Portfolio Management and Investment Advice (523940), Pension Funds (525110), Portfolio Management and Investment Advice (52394), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Investment Advice (6282), Life Insurance (6311), Insurance Agents, Brokers & Service (6411), Finance Services (6199)
- akta.pro primary industry
- Insurance-Integrated Wealth Managers (RIA + Insurance Solutions) (FSAAACAI)
- akta.pro secondary industries
- Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail) (FSAAAAAJ), Multi-Asset Income Funds (Diversified Income) (FSAAAJAG), Retirement & Distribution Planning RIAs (401(k)/IRA/Pension Rollovers) (FSAAACAE), Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB), Whole Life Insurance (FSAIABAA)
Keywords
Where Old Mutual Malawi is headquartered
LocationHeadquarters
- HQ city
- Blantyre
- HQ country
- Malawi
- HQ region
- Africa
Offices3 records
Markets served
Old Mutual Malawi business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Insurance Premiums: Old Mutual Malawi collects regular premium payments from policyholders for life insurance, funeral cover, credit life assurance, and group funeral insurance products. Premiums are paid according to chosen coverage levels and payment frequencies.
- Unit Trust Management Fees: The company earns ongoing annual service fees on unit trust funds under management, ranging from 2.0% to 3.4% depending on the fund type and investment size. Interest-Bearing Assets Fund charges 2.8% annual service fee, Balanced Fund charges up to 3.4%, and Equity Fund charges 2.0%.
- Private Wealth Management Fees: Management fee of 1.0% per annum calculated monthly and deducted quarterly on assets under private wealth management. Minimum investment amount of K30 Million required.
- Pension Fund Administration: Old Mutual Pension Services Company administers corporate pension funds including Defined Contribution and Defined Benefit schemes, earning fees for fund management and administration services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | Interest-Bearing Assets Fund - Above MK40m tier with no initial fee |
| Unit Pricing | Monthly | Interest-Bearing Assets Fund - MK25m to MK39m tier |
| Unit Pricing | Monthly | Interest-Bearing Assets Fund - MK100k to MK24m tier |
| Unit Pricing | Monthly | Balanced Fund - Above MK40m tier |
| Unit Pricing | Monthly | Balanced Fund - MK25m to MK39m tier |
| Unit Pricing | Monthly | Equity Fund - No initial fee tier |
| Subscription | Quarterly | Private Wealth Management premium tier |
| Subscription | Annual | Keyman Insurance cover range |
| Subscription | Monthly | Tsogolo Savings Plan monthly premium |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Old Mutual Malawi product offering
Product offeringCore offering
Old Mutual Malawi provides a comprehensive suite of financial solutions to retail and corporate customers in Malawi, including unit trust investments (Interest-Bearing Assets Fund, Balanced Fund, Equity Fund, Phuka Digital Savings, Mpamba Fesa), life and funeral insurance (Mlera Life Cover, Mthunzi Funeral Plan, Credit Life Assurance, Group Funeral Insurance, Keyman Insurance), retirement and pension products (Single/Regular Premium Retirement Benefits, Protektor Fund, Defined Contribution and Defined Benefit Schemes, Programmed Withdrawal, Market Linked Fund), and private wealth management services with structured portfolio management for high-net-worth individuals and corporates.
Product overview
Old Mutual Malawi offers a comprehensive suite of financial services spanning investments, insurance, and retirement planning. The core investment offerings include three Unit Trusts: Interest-Bearing Assets Fund (for regular income), Balanced Fund (for medium-term growth), and Equity Fund (for long-term capital growth). These can be accessed through multiple channels including Mpamba Fesa (TNM mobile money integration) and Phuka Digital Savings (Airtel Money integration). The product portfolio also includes savings plans (Tsogolo Savings Plan with dual-pocket structure), retirement solutions (Single and Regular Premium Retirement Benefits, Protektor Fund), and insurance products (Mlera Life Cover, Mthunzi Funeral Plan, Credit Life Assurance, Group Funeral Insurance, Keyman Insurance). Corporate retirement solutions include Defined Contribution and Defined Benefit Schemes, Programmed Withdrawal, and Market Linked Fund. Old Mutual Investment Group manages the investment portfolios while Old Mutual Life Assurance Company and Old Mutual Pension Company provide insurance and pension administration respectively.
Differentiator
Problem solved
Functional benefit
Brands
- Mthunzi Funeral Plan: Affordable funeral cover product
- Phuka Digital Savings
- Private Wealth Management
- Interest-Bearing Assets Fund
- Old Mutual Balanced Fund
- Old Mutual Equity Fund
- Mpamba Fesa
- Tsogolo Savings Plan
- Protektor Fund
- Single Premium Retirement Benefit
- Regular Premium Retirement Benefit
- Programmed Withdrawal
- Market Linked Fund
- Credit Life Assurance
- Group Funeral Insurance
- Keyman Insurance
- Mlera Life Cover
Products and services
- Old Mutual Interest-Bearing Assets Fund
- Old Mutual Balanced Fund
- Old Mutual Equity Fund
- Phuka Digital Savings
- Mpamba Fesa
- Tsogolo Savings Plan
- Private Wealth Management
- Mthunzi Funeral Plan
- Mlera Life Cover
- Credit Life Assurance
- Group Funeral Insurance
- Keyman Insurance
- Single Premium Retirement Benefit
- Regular Premium Retirement Benefit
- Protektor Fund
- Programmed Withdrawal
- Market Linked Fund
- Defined Contribution Scheme
- Defined Benefit Scheme
- Group Life Assurance
- With Profit Annuity
- Peshoni M'Manja
- Timba Parent Plan
Quantifiable outcome
- Pension benefits paid within ten working days of authorized claim instruction per Pensions Act requirements
- +2 more outcomes
Companies that use Old Mutual Malawi
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles4 records
Old Mutual Malawi technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature3 records
Old Mutual Malawi partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- TNM MpambacoreTNM Mpamba is a mobile money partner enabling the Mpamba Fesa product, which allows customers to invest in the Old Mutual Interest-Bearing Assets Fund through their mobile phone. Customers register via USSD (*444#), select 'Fesa', and can invest starting from MK5,000 up to MK1,000,000 per transaction. Disinvestments are processed within approximately 15 minutes and funds return to the Mpamba wallet.
- Standard Bank MalawicoreStandard Bank of Malawi serves as the custodian bank for Old Mutual Unit Trust funds. The investments are held by Standard Bank acting as custodian while being managed by professional asset managers at Old Mutual Investment Group. Collective investment schemes are regulated by the Reserve Bank of Malawi.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Old Mutual Malawi competitors and assessment
Company assessmentRegional players
- Britam Holdings: East African insurance, asset management, and retirement services group operating in Kenya, Uganda, Tanzania, Rwanda, Mozambique, and Malawi — directly comparable integrated insurance and pensions model with a regional footprint.
Direct peers
- Liberty Life Malawi: Life insurance and long-term savings provider active in Malawi under the broader Liberty Holdings group, competing for the same retail and corporate life cover and pension customers.
- FDH Bank Malawi: Malawian bank and financial services group offering retail banking, microfinance, and insurance-adjacent products, competing for the same mass-affluent and corporate customers in Malawi.
- NICO Holdings: Leading Malawian financial services group offering insurance, pension administration, and investment management — a direct local competitor with overlapping life insurance and pension fund administration products.
Broad incumbents
- Standard Bank Malawi: Largest commercial bank in Malawi providing retail, corporate, and bancassurance services. Acts as custodian for Old Mutual's unit trusts but also distributes competing investment and insurance products to the same customer base.
- Old Mutual Kenya: Sister subsidiary under Old Mutual Limited offering a directly analogous suite of life insurance, unit trusts, pensions, and wealth management — highly comparable operating model within the same parent group.
- Sanlam: Pan-African financial services group with insurance, investment, and wealth management operations across multiple African markets — a comparable integrated insurance + wealth franchise with broader geographic reach.
Emerging players
- ICEcash: Malawian digital payments platform enabling merchant payments and financial services. A potential emerging channel partner or competitor for digital savings and investment products targeting the same unbanked segment.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Old Mutual Malawi social profiles
Digital presenceOld Mutual Malawi compliance and trust
Trust signalCompliance5 records
Old Mutual Malawi financial estimates
Financial estimateRevenue estimate
Valuation estimate
Old Mutual Malawi leadership team
Management profileNumber of profiles
Profiles1 record
Old Mutual Malawi subsidiaries and ownership
Company hierarchySubsidiaries4 records
Old Mutual Malawi funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Old Mutual Malawi M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Old Mutual Malawi
What does Old Mutual Malawi do?
Old Mutual Malawi provides a comprehensive suite of financial solutions to retail and corporate customers in Malawi, including unit trust investments (Interest-Bearing Assets Fund, Balanced Fund, Equity Fund, Phuka Digital Savings, Mpamba Fesa), life and funeral insurance (Mlera Life Cover, Mthunzi Funeral Plan, Credit Life Assurance, Group Funeral Insurance, Keyman Insurance), retirement and pension products (Single/Regular Premium Retirement Benefits, Protektor Fund, Defined Contribution and Defined Benefit Schemes, Programmed Withdrawal, Market Linked Fund), and private wealth management services with structured portfolio management for high-net-worth individuals and corporates.
Is Old Mutual Malawi a public or private company?
Old Mutual Malawi is a private company. It is classified as corporate owned and is currently operating.
When was Old Mutual Malawi founded?
Old Mutual Malawi was founded in 1954.
Where is Old Mutual Malawi based?
Old Mutual Malawi is headquartered in Blantyre, Malawi, in the Africa region.
How does Old Mutual Malawi make money?
Four revenue lines are on record. Insurance Premiums are the primary driver. The others are unit Trust Management Fees, private Wealth Management Fees and pension Fund Administration.
Who are Old Mutual Malawi's main competitors?
Britam Holdings is listed as a regional player. Direct peers are Liberty Life Malawi, FDH Bank Malawi and NICO Holdings. Broad incumbents are Standard Bank Malawi, Old Mutual Kenya and Sanlam. ICEcash is listed as an emerging player.
Does Old Mutual Malawi have an API?
No public API is recorded for Old Mutual Malawi.
What industry is Old Mutual Malawi in?
Old Mutual Malawi's product category is Life Insurance and Investment Management. Its primary akta.pro industry code is FSAAACAI, Insurance-Integrated Wealth Managers (RIA + Insurance Solutions), with a secondary code of FSAAAAAJ, Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail). Its NAICS code is 523940 and its SIC code is 6282.