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Friends could be close to agreeing Pantheon sale

Friends Provident is thought to be nearing an announcement on the sale of Pantheon to a private equity buyer.

According to press speculation Friends may announce a sale next week, with a price tag for the division tipped to be £30m.

Friends is also offloading its wealth management arm Lombard and the three bidders thought to be in the running are Swiss Life, CVC and Hellman & Friedman.

Lombard is expected to fetch around £700m.

A deal for the disposal of F&C is not expected to be announced before the third or fourth quarter.

Friends Provident declined to comment on market speculation.


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If the EU had not made this exception for the UK, many employers would have closed down contract-based schemes such as group personal pensions, estimated by Mercers to be about two-thirds of employer-offered pension schemes, and moved to a personal account trust-based structure, which would undoubtedly have made people worse off in retirement with the proposed lower contribution rate.

Neptune video: Indian valuations and Modi’s pro-investment agenda

Kunal Desai, Head of Indian Equities, discusses his expectations for the Indian market and highlights the key indicators that he is watching for 2015.

In the video, Kunal addresses:

• Indian equity valuations and the importance of stock selection in gaining exposure to the earnings upgrade cycle

• The BJP’s strengthening ambition in its pro-reform, pro-investment agenda


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