Gartmore says it is considering flotation but has played down rumours that a move is imminent. Control of the company has moved from the UK to the US over the last year with the removal of UK chief executive Glyn Jones. US insurer Nationwide, which bought Gartmore from NatWest in 2000, is believed to be looking for an exit to realise its 1bn investment.
Qualifying as an actuary prov-ided valuable insights into bringing investment products to market for Norwich Union head of investments product development Neil Davies. Davies joined NU’s actuarial graduate scheme in 1990, with the early part of his career placing emphasis on professional exams. He benefited from secondments to valuation and special quotations departments as well […]
Japan and income are two words not often used in the same sentence. This is hardly surprising given that, for the past 15 years, Japanese equities have been in a state of turmoil. As a measure of the extent of Japan’s derating, the Topix is still 55 per cent below its peak at the end of 1989.
Most of us have watched in horror at the situation in New Orleans and the time it took for the relief effort following Hurricane Katrina. That would never happen in the UK, we may think. But would it?
As a head of inheritance tax planning, I assume Peter Legg to be someone deeply immersed in the subject of IHT planning by the use of trusts so I will try to be circumspect in my comments on his letter in Money Marketing last week headlined, Trusts are the perfect solution. It seems to me […]
Jelf Employee Benefits focuses on Ebola Virus Disease (EVD) and what this means for businesses with operations in West Africa. This will be of particular interest to those with employees either travelling to, or living within, West Africa, the area affected by the most catastrophic outbreak of Ebola to date.
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Concerns have been raised about the independence of two directors at Neil Woodford’s £855m Patient Capital Trust after a report in The Times reveals they have jobs at companies in which the fund owns a stake. According to The Times, Patient Capital Trust chairwoman Susan Searle is also deputy chairwoman of Mercia Technologies, a quoted […]
Lloyds Banking Group’s pre-tax profits have jumped 23 per cent to hit £1.6bn for the quarter, latest results show. For the three months to the end of March, the bank has reported net income of £4,3bn, up 4 per cent year on year, as Lloyds sounded a bullish note on the prospects for the UK […]
Metro Bank’s chairman Vernon Hill has been re-elected despite opposition from activist shareholders such as Royal London. Hill has received criticism from a number of major shareholders over payments to his wife’s company Interarch totalling £21m since Metro Bank’s inception in 2010. The board at Commerce Bank previously ousted Hill from his former role at […]