Equitable's Headdon to escape lifetime ban - papers 2nd June

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ONE OF THE executives at the centre of the Equitable Life scandal appears to have struck a deal with the FSA and escaped a lifetime ban from the City, suggests this morning's Daily Telegraph .

Chris Headdon, the insurer's former appointed actuary and chief executive, appears to have escaped the ban but in return accepted a six-year exclusion several months ago. By accepting the deal, Headdon and the FSA are thought to avoid a public tribunal hearing. UNSURPRISINGLY, the major story on the front of most national newspapers today is the ever-climbing price of oil, which yesterday crossed $42 a barrel in New York and pushed petrol prices above £1 a litre. The Times says Britain and the United States are stepping up the pressure for increased oil production in the hope it wi...

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