UK - Rumours are escalating in the City that fund manager Gartmore could be ripe for a takeover approach, as its share price languishes more than £1 below its December 2009 flotation price.
The Daily Mail reports the Henderson Group, which took over stricken New Star last year, could be the interested party.
Gartmore shares rallied yesterday by 3.7p to 117.3p amid speculation a larger manager has been running the slide rule over the business and is ready to make a formal bid approach for the group. The group has more than £22bn of assets under management.
Henderson bought New Star for £115m in April last year and the Mail reports chief executive Andy Formica is said to be eager to tie up another deal.
Gartmore has has a turbulent time since listing, with star manager Guillaume Rambourg suspended in March over allegations he broke company trading rules. Shares in the asset manager slumped 30% on the news.
Rambourg was later reinstated as an analyst, but resigned in July to concentrate on an FSA probe into his actions.
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.