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Gartmore up for partial sale or merger

US giant Nationwide Mutual Insurance is reportedly planning to
merge or partially sell its subsidiary Gartmore just three years after
buying the fund manager for more than £1bn.
Nationwide is believed to have come to its decision, which may
involve a joint initiative with another UK fund manager, after
conducting a strategic view of Gartmore, which has £44bn under
management, earlier this year. It is not believed to be considering an
outright sale.


&#39Parents no guide to fund performance&#39

Standard Life Investments has hit back at claims that the fund arms of banks and life companies lag behind their pure investment rivals, arguing that parentage has no impact on performance.Managing director Alan Burton says the oft-repeated view that investment subsidiaries underperform is a myth which fails to take into account changes in the marketplace. […]

Hargreaves Lansdown wins giant pension contract

Hargreaves Lansdown has clinched a deal to provide pension services to global oil giant BP in the latest stage in a drive into the traditional territory of employee benefits consultants.The IFA will provide annuity services for additional voluntary contributions held by BP&#39s 28,000 active and deferred final-salary scheme members and all money purchase employees.BP is […]

Koralis leaps into action

Newly-formed film production company Koralis Pictures is aiming to raise up to £2.5m to finance three low-budget action thrillers from Commando director Mark L Lester. Film Fund One is the brainchild of former IFA Heath Jones, who founded Koralis six months ago after meeting writer Bruce Fitzpatrick in Los Angeles. Fitzpatrick had secured a film […]

ABI sets out 10-point plan to save pensions

The ABI launched a 10-point manifesto at the Labour Party conference in Bournemounth on Monday aimed at averting a full-scale pension crisis.Its research shows that only 15 per cent of the public trust the Government not to let them down on pensions. The poll shows only 4 per cent are very confident they will have […]

Pension savings-2015

Pension tax relief: parked (for the moment)

The national news agenda has been dominated by pension issues this month. For those that missed it (and there cannot have been many given that this was the lead story in spoken and written media), the Chancellor announced a decision to make no decision on pension tax relief in his 16 March 2016 Budget speech. To […]


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