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Gartmore prepares for &#39bidding frenzy&#39

Gartmore is preparing for a bidding frenzy after revealing its “best ever” performance last year.

Its figures show a return of 27 per cent on the company&#39s average segregated UK balanced pension fund compared with 19.5 per cent for the average manager for last year.

The returns revelations have come just before the sale of Gartmore kicks off and could offer a boost to its £550m price.

Gartmore chairman Paul Myners says: “We are confident Gartmore&#39s average segregated balanced pension fund has out-performed the average UK balanced pension fund by 600-plus basis points over the year.”


Computer industry pension launch

Legal & General is launching a new internet-based stakeholder-style pension aimed at the computer industry with IFAs Hargreaves Lansdown.Hargreaves Lansdown and trade body Computing Services and Software Association choose L&G to offer its 250,000 members the scheme.Members will be fully-serviced via the internet and L&G is claiming the scheme “maximises the use of IT from […]

Barclays latest to ditch endowments

Endowment mortgages are suffering a further blow with Barclays became the latest lender to pull the plug on selling the controversial policies.Barclays is saying it sold its last endowment on December 30 following a 70 per cent decline in applications over the previous six months.The move swells the ranks of providers who have axed endowments […]

CML calls for reform

The Council of Mortgage Lenders is warning the Government not to take a “piecemeal” approach to mortgage regulation.Its recommending the FSA should take charge of all mortgage regulation and that the government should also decide what information disclosure would be best for consumers.The trade body is also urging the Government to consult widely on what […]

Winterthur revamp

Winterthur Life is revamping its advisers division in a bid to penetrate the IFA sector.The firm will transfer the administration of its Self Invested Personal Pension products to Salisbury-based subsidiary Personal Pensions Management.Sales and marketing director John Moret becoming managing director of the unit.Winterthur Life chairman and chief executive John Finan says: “This is very […]

Naming a reward programme

Six tips to get your reward programme name right

by Debra Corey, group reward director  Choosing a name isn’t easy. Whether it’s for your new puppy, a bundle of joy or your reward programme, a name determines a first impression – and often a lasting memory. When it comes to your reward programme, the name will determine how your employees feel about it even before […]


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