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Old Mutual on acquisition trail

South African insurance giant Old Mutual says its still interested in bidding for fund manager Gartmore following its takeover of Gerrard.

Old Mutual agreed to buy Greig Middleton for £525m earlier this week.

Old Mutual group finance director Eric Anstee says: “Gerrard is a great step forward for us, but it doesn&#39t complete our ambitions in terms of building an international asset management business.

“Clearly Gartmore is an interesting asset from our point of view.”


Bond ratings boom

The number of new Standard & Poor bond credit ratings soared 30 per cent in 1999, as more European companies and financial institutions looked to bond markets as a source of finance.The increase of 327 new ratings brings the total number of credit ratings in Europe, the Middle East and Africa to 1,800.The credit ratings […]

Misselling brings actuary drought

The pensions misselling scandal has left a huge demand for actuaries forcing firms to go abroad to recruit staff, according to a recruitment agency.Its being claimed hundreds of part-qualified and qualified South African actuaries are being targeted to help cope with the problem.Demand for actuaries has surged since life offices have been forced to deal […]

MPs maul mortgage lenders over loyalty

Loyalty to customers means nothing to lenders, the House of Commons has been told.During a debate on unfair terms in mortgage contracts Labour MP for Brent North Barry Gardiner told MPs that “it appears that in the mortgage game, loyalty rarely pays”. And his angry words were echoed by minister for competition and consumer affairs […]

Gay groups call for equal transfer rights over IHT

Gay rights campaigners are threatening to reduce the UK&#39s inheritance tax regime to rubble by demanding equal transfer rights for thousands of unmarried couples in the wake of new human rights legislation.The introduction of the Human Rights Act, which incorporates the European Convention on Human Rights into UK law in October, could force the Government […]


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