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Equitable members target FSA for damages

Article Abstract:

Shareholders in Equitable Life are raising questions about why the UK Financial Services Authority did not take action earlier to deal with problems at the company. Equitable's competitors put pressure on regulators for many years to tackle the fact that the firm was greatly underprovisioned.

Author: Garfield, Andrew
Publisher: Financial Times Ltd.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
Laws, regulations and rules

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Innovation in full flower at RSA's hi-tech hothouse

Article Abstract:

Big firms usually do not innovate, according to Stuart Degg, head of Royal & SunAlliance's technology unit. He believes that this is a particular problem for financial services companies.

Author: Garfield, Andrew
Publisher: Financial Times Ltd.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2001
Officials and employees, Interview, Degg, Stuart, Royal & Sun Alliance Insurance Group PLC

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FSA accuses itself of inaction over downfall of Equitable Life

Article Abstract:

Top officials at the UK Financial Services Authority (FSA) were unwilling to become involved in dealing with the problems arising from Equitable Life Assurance Society's obligations to members with guaranteed annuities, according to Ronnie Baird, the organization's director of internal audit. The FSA's mistakes included failing to seek proper financial information in early 1999.

Author: Hughes, Chris
Publisher: Financial Times Ltd.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2001
Investigations

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Subjects list: Management, Insurance industry, Life insurance industry, Life insurance, Equitable Life Assurance Society, United Kingdom. Financial Services Authority
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