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Equitable accounts to be investigated

The Institute of Chartered Accountants in England and Wales is to look into the role of accountants which acted for Equitable Life prior to the troubled mutual closing its doors.

The investigation is likely to look at Equitable&#39s auditors, Ernst & Young, although they say that they are satisfied with their performance.

Referring to the landmark legal decision that precipitated the Equitable crisis, Ernst & Young insurance practice head Rob Holman says: “It would be very difficult to draw up a set of accounts on the basis of a decision that hadn&#39t yet been received.”


IFAs must take lead role

The loss of polarisation is not actually the enormous problem for the IFA that the financial institutions would like it to be. For the IFA who is providing a proper caring and ongoing service for clients, the loss of polarisation is a minor hindrance. But the commercial background is quite unpleasant. The solution is easily […]

Clerical sets up offshore seminars

Clerical Medical is holding seminars aimed at hel ping IFAs exp lain the benefits of offshore investments. The seminars, starting on January 29, will explain how Clerical believes offshore products offer solutions to financial objectives of high-net-worth clients. The company believes these clients are likely to have diverse financial needs, inc luding estate planning, tax-efficiency, […]

Spa some time to win healthy prize

Money Marketing and Singer & Friedlander Investment Management are offering the chance to purge Christmas excesses with a weekend at an exclusive health spa. To mark the launch of its new AIM 3 VCT on January 22, 2001, Singer & Friedlander Investment Management has teamed up with Money Marketing to offer a lucky reader the […]

CML predicting steady 6% increase in house prices

The Council of Mortgage Lenders is forecasting a good year for the property market, with the rise in house prices slowing to a steady 6 per cent by the end of this year. The CML thinks this will continue at a similar level until 2003, with average house price rises of 6 per cent next […]

What's going on in the 'offshore' world?

Graeme Robb, Senior Technical Manager at Prudential, explores the current state of the nation for offshore issues and highlights areas which may be particularly relevant to advisers. In the context of insurance companies, ‘offshore’ can be a relatively straightforward matter. Like their onshore equivalent, offshore bonds are ‘non-qualifying’ for tax purposes, meaning that all gains […]


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