Insurance giants Prudential and Standard Life are considering partial sales of their asset management arms.
The successful IPO of Jupiter earlier this year is thought to have alerted both Standard Life and Prudential of the possible gains to be made from either floating or partially selling fund management arms Standard Life Investments (SLI) and M&G, the Independent reports.
Jupiter, which entered the FTSE 250, has seen its shares soar 53.6% to 253.5p after entering the market at 165p.
However, the plight of Gartmore does prove there are pitfalls, with the group's share price languishing at about half the listing price.
The paper says both insurance companies would keep small teams to handle their life assurance assets, or retain substantial stakes in their subsidiaries.
Standard Life executives are understood to have been touring the City in a bid to convince analysts SLI's true worth is not reflected in the valuation of the group. The group is already understood to have worked on plans to spin SLI off during the middle part of the decade.
Rumours of a similar move at M&G have gathered strength since the calamitous attempt by Prudential to take over Asian insurer AIA.
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First mentioned in Cridland Report