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Equitable puts Roberts in spotlight

Martin Roberts has recently seen his name splashed all over newspaper headlines because, as head of insurance regulation at the FSA, he has been connected to the Equitable Life affair.

Roberts&#39 official title is director (insurance and friendly societies). Come N2, he will be in charge of both the prudential supervision and conduct of business regulation of all life insurance companies.

He has extensive experience in regulating the life industry. He was responsible for prudential regulation at the Treasury for a year in 1998 before he and the department moved to the FSA in 1999. Previ-ously, from 1989 until 1992, he was responsible for the supervision of life insurance and London market business at the DTI.

In the intervening years at the DTI, Roberts was promoted to head of the division responsible for the conduct of investigations under the Companies Act and for criminal prosecutions.

Given his background, it is no wonder that people want to hear what he has to say about the regulation of Equitable. Roberts is exp-ected to testify before the Treasury select committee when it continues its hearing into the Equitable debacle in the near future.


Jackman follows train of thought

There is a desire within the industry to market IFAs as professionals who are viewed by investors as on an equal footing with solicitors or accountants.A significant part of this aim is to improve the exam and training standards IFAs complete before they are permitted to advise.FSA head of industry training David Jackman is responsible […]

The future diagnosis

While none of us really expect to live forever, recent research suggests that we should all plan to live longer than previous generations. The same will be true for future generations.A report by Richard A. Miller, Professor of the Institute of Gerontology (USA), estimates that our future lifespan could increase to 112 years, with a […]

FSA hit by boycott as it sets out pension tables

The FSA&#39s comparative pension tables were launched last week amid controversy with Skandia Life and St James Place Capital refusing to participate.Skandia is boycotting the tables because it claims they do not offer like-for-like comparisons and ignore the impact of past performance.St James Place, which also refused to take part in the unit trust tables, […]

Hargreaves Lansdown puts together new Clerical Medical stakeholder product

Hargreaves Lansdown has put together a new stakeholder plan from Clerical Medical offering enhanced terms.It says a price war is breaking out between stakeholder providers and it has been able to negotiate an exclusive deal on Clerical’s Futureproof plan.The plan includes an enhancement of up to 3 per cent on premiums and the plan is […]


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