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SFO may investigate Equitable Life

The Serious Fraud Office is expected to be asked to look into the demise of Equitable Life.

According to a report in the weekend press, this is expected to happen once Lord Penrose&#39s inquiry is complete, due in the next few weeks.

Policyholders are awaiting the report to establish whether there is any potential for compensation from the Government.

The SFO has reportedly said it has not yet been asked to investigate, but would do so if a complaint was put before it.


FSA criticised over annuities policy

The Financial Services Authority has been accused of failing to encourage more people to shop around for better annuity rates. Figures from the association of British Insurers show more people this year bought annuities from their existing provider than they did last year. However the FSA set up rules last year requiring pension providers to […]

NS&I sees sales surge

National Savings and Investments increased sales of its products by 9 per cent to £11.2bn in the year to March 2003, up from £10.3bn the previous year. The Government-backed savings and investments provider saw sales of Premium Bonds rise to £4.75bn over 2002/2003 and have seen monthly sales soar since then with £1.1bn sold in […]

IFAs urged to help set agenda for Treasury review of the FSA

The Treasury is drawing up the agenda for its two-year review of the FSA but is not formally consulting with the industry on what should be included in the review.The review is required by the Financial Services & Markets Act of 2000 and is scheduled to begin by December.Although the Treasury is expected to have […]

Ingledew lambasts wrap deals

Berkeley Berry Birch group chief executive Stephen Ingledew said at Money Marketing Live that none of the wrap products presently available in the UK is a true wrap product.He said the wave of wraps stems from the success of such products in the US and Australia but he said so far no one has come […]


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