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Equitable directors&#39 hearing complete

The judge hearing a request by nine former Equitable Life
non-executive directors asking for the case against them to be thrown
out, has reserved his decision.

The hearing was completed on Friday afternoon and follows on from
Equitable&#39s announcement last year it was launching a £3.3bn
lawsuit against 15 former directors for negligence and breach of duty
in the lead up to the insurer&#39s collapse.


Abbey revamp to &#39turn banking on its head&#39

Abbey National has relaunched its business in what it calls a “radical shift” in customer service.The new line for the bank is “helping people get on top of their money” and it believes this will “turn banking on its head”. As part of the relaunch, it has dropped the word Nat-ional from its brand and […]

MP&#39s fear of rift at regulator

Labour MP and Treasury select committee member Nigel Beard has cast doubts on the practicality of the division of roles between the chairman and chief executive at the FSA.Speaking to Money Marketing at Labour&#39s annual conference in Bournemouth this week, Beard said that he believes a division of roles may cause a rift in policy […]

Suffering a messy network divorce

I am informed that two of the most frustrating and stressful events are divorce and moving home and I would like to add a third – leaving a network.It appears to be relatively easy – give three months&#39 notice, do all the tasks that you are required to do and hey presto or is it […]

White-label deal could see life company staff selling products in post offices

The Post Office is in talks with a major life office to white-label a full range of regulated financial services products.It could see life office staff selling from post offices. There are 17,000 post offices in the UK and they get around 28 million customers a week.The Post Office believes its brand will have broad […]


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