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Equitable Life announces board changes

Equitable Life has announced the appointment of two new non-executive directors.

Cathryn Riley and Keith Nicholson have been appointed as non-executive directors as a result of the retirement of Vanni Treves and Jean Wood from the board.

Riley is chief operating officer and chief information officer, Europe at Aviva. Nicholson left KPMG this year after more than 30 years with the firm.

Equitable Life chairman Ian Brimecome says: “These important appointments, together with the recent arrival of Chris Wiscarson as Chief Executive, are key to building the new team that will take the society to forward. I would also put on record, our thanks to Vanni Treves and Jean Wood who worked tirelessly for policyholders through some very difficult times since 2001.’


CML in Euro warning

The Council of Mortgage Lenders has warned the European Commission to concentrate on macro-economic policies rather than retail mortgage regulation. It has warned of “harmful, unintended consequences” on the UK economy if it conflicts with FSA proposals. The CML also warns the FSA should not press ahead with plans to restrict lending by building societies before completing its mortgage market review.

Scot Prov pays 93% of CI claims

Scottish Provident paid out 93 per cent of all critical illness claims made between January and June this year, up six per cent on the same period last year.

DWP doubling auto-enrol timescale to 2015

The Government is looking to push back the final deadline for employees to be auto-enrolled into personal accounts from April 2014 to October 2015, Money Marketing understands.


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