THE FINANCIAL Services Authority will not take any action against Equitable Life's former chief executive Roy Ranson because of his age.
According to the Scotsman, the mutual's member action group was yesterday left in shock after it emerged the regulator has decided to rule out investigating Ranson. The FSA took the decision after it concluded Ranson is too old to investigate. If the City watchdog would have gone ahead with an examination, the only "significant" punishment Ranson could receive would be to ban him from returning to a job in the City. But as he is 73, he is not likely to seek another position anyway. A spokeswoman for the FSA told the paper: "We have decided not to take any action against Roy Ranson, o...
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