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Equitable action man faces fight to win Standard vote

Equitable Members’ Action Group general secretary Paul Braithwaite needs to secure a further 240 votes if he is to be successful in his bid to get on the Standard Life board.

Braithwaite, who is running on a joint ticket with ex-banker Michael Hogan, last week received the support of the Emag committee, which said it does not perceive any conflict of interests in him potentially sitting on the boards of both Equitable Life and Standard Life.

Braithwaite only threw his hat in the ring at the start of this month so faces a race against time to secure the 250 nominations needed to gain a place on the Standard Life board as an independent candidate.

He has received 10 nominations in the first week since he first made his intentions public.

He is concerned that if only one of either him or Hogan makes it on to the Standard Life board their voices will be drowned out.

Braithwaite says: “There are tens of thousands of people like me who invested in both companies and I am standing for the board to help Sandy Crombie return it to strength. I want to be elected to provide checks and balances during the demutualisation process.”

“I am standing alongside Hogan and if only one of us gets on to what would be a hostile board they will sit in the corner and be treated like a stinking fish.”


Pro bono process

The letter from Tony Conner, Joss Harwood and Owen Temple in Money Marketing (February 10) contains a number of misconceptions about the nature of the pilot scheme with Citizens’ Advice to offer the public pro bono generic advice.

Product matters

Residential investment opportunitieshave been high on IFA wish lists over the past few years but there has been precious little available to satisfy investor demand.


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