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

Professional Adviser
clock

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

The Scotland Investment Roadshow kicks off next week

Professional Adviser
clock 18 September 2024 • 2 min read

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •