Society most stable since 2000 - Equitable

The society says policy values increased for UK with-profits pensions by 3.5% during 2004 compared with 2% in 2003, and 2.8% for UK life policies compared to 1.5% the previous year. Surrender values have also more than halved to £835m from £1788m in 2003. Charles Thomson, chief executive of Equity Life, says:” Since 2001, the new board has had to overcome a myriad of hugely difficult challenges and we are now much closer to resolving most of the outstanding issues. While we still have issues from the past to fix we have made significant progress on all fronts and we are achieving much...