The company said that it is in discussions with a number of high quality asset managers to develop a new fund range for the post-RDR market.
In a statement, Old Mutual Wealth Management said "The new fund range will cover all asset classes, be highly competitive on cost, and will enable any financial adviser to design their own model portfolio service for their customers. It will be particularly attractive to restricted advisers post RDR."
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Old Mutual is also planning to launch a range of offshore bonds in the UK, supported by its new wealth management service Wealth Interactive.
The company has posted a pre-tax operating profit for the first half of 2012 at GBP95 million, down 17% from GBP115 million for the same period last year.
Old Mutual said that the figure is down to a one-off GBP16 million tax smoothing last year.
Further, the net client cash flow fell 60% from GBP2 billion to GBP800 million, which the company says is due to market uncertainty hitting sales.
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By GlobalDataThe net client cash flow on the Skandia platform dropped 40% from GBP2 billion to GBP1.2 billion, which Old Mutal attributes to a challenging market, advisers distracted by the RDR and a subdued UK tax year end.
Total gross platform sales fell 21% from GBP2.8 billion to GBP2.2 billion.
