Equitable looking for buyers despite good results

In its interim results the insurer says it Excess Realistic Assets, its key measure of solvency, have increased from £669m at the end of 2005, to £786m at the end of June 2006, to put it in its strongest financial position for five years. And while the company says the improvement in its financial position makes them confident it can, with careful management, continue to run the Society as a closed fund, paying benefits to policyholders as they fall due, they are still searching for “strategic developments which will benefit policyholders”. It warns that despite its improved solvency, i...