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Gartmore appoints two to investment team

Gartmore is appointing Nigel Kennett and David Backhouse to its investment division.

Kenett is to be appointed as a pan European analyst focusing on consumer goods and services. Kennett comes from six years at Royal & Sun Alliance where he was a pan European food and retail analyst.

Backhouse joins as credit research analyst. A trained accountant, he previously spent two years as senior telecoms analyst at Bank of Kuwait Asset Management.

Gartmore chief investment officer Peter Chambers says: “Gartmore will continue to build on the skills of the investment management team and is actively seeking to recruit more professional into the global research capability.”


Brown set to play safe

The UK is enjoying its longest period of sustained low inflation since the 1960s, interest rates are at their lowest for the longest period since 1970 and there is a surplus in public finances. Historically, this would have provided an opportunity for a Chancellor to take a few risks to produce a desired election result. […]

All the fund of the fair

Recent articles on the subject of the scandal of compulsory annuities, by Prudential Annuities and IFAs who specialise in annuity sales, would have us believe that compulsory annuities bought from pension monies offer good value. Readers who believe this might also think turkeys enjoy Christmas. Fortunately, the press and people like Dr Oonagh McDonald are […]

Close Fund Management first with FTSE4Good fund

Close Fund Management is launching the first fund tracking the new FTSE4Good index of the top 100 socially responsible UK companies. A proportion of the management charge of the new FTSE4Good UK Fund, rising from 10 per cent to 40 per cent of the charges as the fund gets larger, will be donated to Unicef. […]

Review for retirement

Gordon Brown is widely tipped to announce a royal commission-style review of the post-retirement income market in the Budget next week. The ABI wants the Chancellor to make the announcement on Budget day. But Dr Oonagh McDonald says: “It is time for the Treasury to stop blocking reform and take some action.” Scottish Equitable business […]


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