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Equitable Life announces date for court case

Equitable Life&#39s test case in respect of guaranteed annuity rates will be heard in the High Court in the week beginning July 5 1999.

The life office is seeking confirmation that its approach towards guaranteed annuity rates is both proper and fair.

Managing director Alan Nish says: &#34We are pleased to have been able to secure an early date for the hearing of the court case. this will provide certainty for our policyholders with the minimum of delay.&#34


E*Trade announces partnership

E*Trade UK has announced a partnership with software specialists Consort Securities Systems in the run up to the launch of its on-line investment service.Consort will provide the front and back office systems to support the service, including its securities dealing service (SDS) and will be responsible for developing the infrastructure, which allows clients to directly […]

MCRI make Professional Indemnity Insurance mandatory by July

The Mortgage Code Registered of Intermediaries is forcing members to take out Professional Indemnity Insurance by July 1 1999.The move which was expected to be announced later in the year has caught many brokers on the hop.Millennium Insurance chief executive Ben Fish says: &#34bad publicity over the cowboy end of the profession has forced the […]


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