STANDARD LIFE yesterday shrugged off a near 50% decline in sales of individual pensions in the first nine months of the year as it continued to push its higher-margin products - a key part of its plans to float on the stock market in 2006, according to...
MISYS, the IFA network owner, capitulated to shareholder pressure yesterday and announced plans for an independent chairman three years earlier than expected, according to this morning's papers.
Equitable Life has dropped its case against Alan Nash, the former chief executive of the Society with both sides walking away and paying its own costs.
EMPLOYERS AND pensions experts attacked a deal announced yesterday by the government and trades unions to raise public sector retirement ages as "a feeble climbdown", according to this morning's papers.
Equitable Life has withdrawn its £1bn "lost sale" claim against 11 of the Society's former directors.
DAVID WILLETTS, shadow trade and industry secretary, last night called on the government to "socialise" part of the pensions burden for business or risk the prospect of zombie companies struggling to meet payments to former workers, says the Guardian....
STANDARD LIFE is in detailed discussions with the Financial Services Authority (FSA) over its proposed stock market flotation next year but is convinced these talks should not delay its plans, says The Guardian .
Equitable Life has announced settlement terms with two more former directors in its ongoing court case to seek damages for failures alleged to have caused the company's near-collapse in 2000.
MORE OF the 15 former directors being sued for £1.7bn by Equitable Life for negligence are expected to settle within the week after the troubled mutual announced yesterday it had reached an agreement with two former directors, says The Times .
Only two things stand in the way of throwing Equitable Life's current helmsmen overboard: the continuing case against former directors, and a deep desire not to waste anymore of policyholders' money, says Paul Braithwaite.