Eq Life solvency improves

The group's excess realistic assets grew to £736m by June 2010, up from £675m in December 2009 and its solvency position remained above the regulatory minimum. In an effort to reduce exposure to investment risk, Equitable has seen equity sales of £60m and property sales of £34m since January this year. "For the remainder of 2010, the key focus of the Society is to promote the interests of its policyholders in securing fair compensation following Government's Coalition commitment," says Chris Wiscarson, chief executive of Equitable Life.