Compromise for Eurolife and the FSA on tribunal

David Wootton, managing director of Eurolife Assurance Company (EAC), has resigned and agreed not to seek further positions in the financial services industry, following an investigation by the FSA. Chairman Lynne Green has also resigned and has undertaken not to seek the role of chief executive within the industry for the next three years. The two resignations are part of a compromise deal between the FSA and EAC. This was initiated by EAC, which wanted to avoid the cost and publicity of a long tribunal. Wootton and Green said they have not been barred from the industry and that non...