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Institute of Actuaries announces Equitable investigation committee

The Institute of Actuaries has announced the makeup of the committee of inquiry which will look into the closure of Equitable Life to new business.

The inquiry will focus in particular on the key issue of the adequacy of professional guidance given by Equitable&#39s actuaries.

The inquiry will be chaired by Roger Corley, a former president of the Institute of Actuaries. Other actuaries on the committee are former president of the Faculty of Actuaries Malcolm Murray and Legal &General group actuary Bill Abbott.

Investors Compensation Scheme deputy chairman Sir John Caines and Abbey National deputy chairman Keith Woodley will also sit on the committee.


Gartmore offers charge discount for Second Scottish National Trust

Gartmore is cutting the initial charge for lump sum investors buying Second Scottish National Trust ordinary income shares to 1.5 per cent from 3 per cent. The discount is available through the Gartmore ISAit scheme, which allows income to be paid out quarterly. The minimum investment for the SSNT ISAit discount is £3,000, and the […]

IFAs urged to speak out

HSBC is encouraging IFAs to get their views on the FSA&#39s proposals on polarisation heard by the Gov ernment, regulators and the financial industry. As part of the initiative, the bank has teamed up with consultancy firm Supply Media to produce a guide called, Influ encing the Power Brokers, giving IFAs ideas on getting their […]

Axa Sun Life – Global High Income Fund

Thursday, 18th January 2001.Type: Oeic.Aim: Income by investing in UK and European corporate bonds.Minimum investment: Lump sum £1,000, monthly £50.Investment split: 100 per cent in UK and European corporate bonds.Isa link: Yes.Pep transfers: No.Charges: Initial 3.5 per cent, annual 1.25 per cent.Commission: Initial 3 per cent, renewal 0.5 per cent.Tel: 01179 890808. 

IFP website puts public in contact with planners

The Institute of Financial Planning is setting up a consumer website aimed at putting them in touch with its members. Visitors to the IFP&#39s site can get direct online access to the IFP and 165 financial planners who hold the Certified Financial Planner qualification. To get the CFP, advisers must have the Advanced Financial […]


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