Guilty Equitable directors avoid misconduct fines

In August 2004 the Institute announced an investigating committee had laid charges against four of its members who had all been employed at Equitable Life; Barry Sherlock FIA, Roy Ranson FIA, Christopher Headdon FIA and Alan Nash FIA. However the case was delayed until March 2006 when charges were dropped against Sherlock, then between November and December 2006 the tribunal finally heard the separate charges of misconduct, in relation to “their conduct of the affairs of Equitable Life over part or all of the period 1988-2000”, against Ranson, Headdon, and Nash. As a result Ranson has b...