Realistic reporting could hurt Equitable further - papers 1st April

But perhaps more importantly is the revelation from Equitable Life suggesting it too might have to find new cash to meet realistic reporting rules unless it is allowed to include future returns in its margins. EQUITABLE LIFE’S chairman yesterday admitted policyholders’ investments could be hit even further as a result of these new FSA realistic reporting requirements that have forced Standard Life to consider a flotation, says the Times. CharlesThomson says it would not have sufficient capital to meet the new regulatory solvency cushion unless the Financial Services Authority allows t...