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Ilag committee to tackle prudential regs

Trade body the Investment and Life Assurance Group has established a working party to deal with the implications of the FSA&#39s interim prudential sourcebooks for insurers.

The Prudential Regulation Working Party will operate as a subsidiary of Ilag&#39s main regulation committee.

Members of it come from practitioner and associate members including representatives from Arthur Andersen, Nationwide Life, Canada Life and Swiss Life.

It will be chaired by Eric Purdy formerly of M&G Life who now runs his own firm, Adiemus Consulting.

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