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ScotEq achieves S&P AAA rating

Standard & Poor&#39s has confirmed a triple-A rating for Scottish Equitable. This covers local currency counterparty credit and claims&#39 paying ability.

The credit-ratings agency commended ScotEq for having a strong level of capitalisation and business position, excellent expense management and good financial flexibility. It says ScotEq has a conservative investment strategy and believes the life office needs to improve its customer-servicing track record.

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Act to remedy this sorry state of pension affairs

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