ISA sales were 21% up on the prior year, while personal pension sales were 14%.
Adjusted operating profit rose to £227 million – up from £217 million last year.
The company said when profit contributed from businesses sold during the year was adjusted, the year-on-year growth was 11%.
Its Net Client Cash Flow of £3.7 billion in 2014 was 61% higher than the previous year and this was attributed to strong demand for investment solutions from Old Mutual Global Investors and the new WealthSelect investment service on the Old Mutual Wealth platform.

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Gross sales increased by 11% to £16.0 billion (2013: £14.4 billion) and funds under management hit a new high of £82.5 billion at the end of 2014 (2013: £78.5 billion).
Paul Feeney, chief executive of Old Mutual Wealth, said: "During 2014 we made great progress in aligning our business to what we believe customers need to help them secure their financial future.
"People don't wake up in the morning thinking about platforms or individual funds. They think about how they are going to fund their retirement or their children's school fees; things that mean something to them. For that they need advice, the right product, a great performing investment portfolio and excellent service.
"Increasingly I believe advisers and their clients will be looking to source those elements in one place, via companies that can offer an integrated proposition efficiently and cost effectively. That is what we are aiming to achieve and we will continue to work with advisers to build new products and services that they and their clients need."
The company also reported that Old Mutual Global Investors profit more than doubled to £33 million during 2014.