Equitable Life will have to secure a parent company by the end of this year if it is to retain its s...
Equitable Life will have to secure a parent company by the end of this year if it is to retain its salesforce and customer base. That is the view of independent financials analyst Ned Cazalet following last week's House of Lords ruling on guaranteed annuities. He believes the mutual will have to act far more quickly than its stated timescale of finding a parent by the end of this year and having the deal go through next summer. Cazalet believes interest from several rival providers will mean the deal could be settled within 10 weeks, especially as Equitable has admitted its policy of full...
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