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Equitable appoints actuary

Equitable Life is appointing Hymans Robertson senior partner Michael Arnold as actuary to oversee the compromise deal with garanteed annuity policyholders being drawn up to cap the troubled life office&#39s liabilities.

Arnold was the actuary who last year approved the Axa orphan asset deal, that saw policyholders receive just £575m from £1.45bn of assets. He was also involved in the recent flotation of Friends Provident.

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ScotEq setting up group risk team

Scottish Equitable Employee Benefits is creating a specialist group risk underwriting team. The aim of the team is to enable the company to provide IFAs with better servicing and allow it to offer more competitive pricing. The team will create bespoke solutions to match IFA clients&#39 group risk requirements. It will be headed by Rod […]

ScotEq adds corporate bond option

Scottish Equitable is introducing a corporate bond option as part of its Performance bond investment fund range. The option is aimed at cautious investors looking for better returns than available from deposit accounts. The extra-income corporate bond fund will sit alongside ScotEq&#39s existing fixed-interest funds which invest in a range of foreign government securities and […]

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The fifteen-year itch

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