Equitable Life

The Treasury has commissioned Paul Myners to compile a review into the governance of mutual life offices to assess whether changes should be made following the Equitable Life fiasco.

MINISTERS stopped the Pensions Bill from continuing through the Lords last night after discovering a range of controversial clauses could forced relatives of company directors to "make good" black holes in company pension schemes with their own money,...

The Treasury has published a consultation paper linked to the independent review of the actuarial profession sparked by criticism contained in the Penrose Report.

Christopher Headdon, former appointed actuary and chief executive of Equitable Life, has been banned from holding a "significant management role" in any FSA regulated firm for the next six years.

Robert Morfee, partner Clarke Willmott, says the law firm has put 14 May as the deadline for making decisions on the first tranche of papers received from policyholders responding to the class action lawsuit being formulated by Equitable Life Trapped...

HUNDREDS of pensioners within the Equitable Life Trapped Annuitants action group who face impoverished retirements, following the near-collapse of Equitable Life, now have plans troubled insurer over their losses, says the Times .

The FSA has confirmed it will not be taking action against former chief executive of Equitable Life Roy Ranson for his conduct while he was a board member.

Equitable Life's board of directors is now in discussions with legal representatives to establish whether it has a case for compensation in the European courts against the UK regulatory regime.

SAINSBURY'S, the supermarket, is moving further into financial services following the launch of its own health insurance policy through its banking division, says this morning's Scotsman newspaper.

FSA CHAIRMAN Callum McCarthy has accused Britain's life assurance industry of "irresponsible behaviour" and sales practices, according to this morning's Scotsman.