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Should the full findings of Lord Penrose&#39s inquiry into Equitable Life be published?

“Yes. We need to know exactly what went on so if other companies end up in the same boat, we will be forewarned.”

Glen Taylor,Poringland Insurance Consultants

“I certainly think it should be. It ought to be in the public domain for everyone&#39s benefit.”

John Westlake,Westlake Investment & Financial Planning Services “Yes. What also should be published are the minutes of the board meetings where they decided to do what they did.”

Alan Goggin,Alan Goggin Financial Management

“Yes. If they&#39re going to have a full inquiry at our expense, we might as well know the outcome of it in terms of establishing guidelines for the future of the with-profits industry.”

Paul Leach,Paul Leach & Co

“Yes, of course they, should, It is an absolute outrage, it is an open company and there is no reason why the findings should not be made public.”

Anthony Fitt,Financial Matters

“Yes, but in the hope the report publicly identifies management failings, rather than because it may show what the FSA&#39s role was.”

David Cooke,DJ Cooke (Life & Pensions)

“Yes, because I think that everyone should be able to read what went on and have a greater understanding of the situation.”

Derek Williams,Direct Financial Services

“Yes, absolutely, because without all of the details of what has gone on we cannot give advice on Equitable.”

John Hooper,John D Hooper & Co

yes 100%


Outside edge

I recently had the benefit of a discussion with a senior person at IBM who used an analogy to explain that sudden change often provokes more action than when it is gradual. It concerned a frog sitting in his cold-water pond who jumps out when boiling water is poured in but remains in his pool […]

SG Life & Pensions – SG Life International Bond

Tuesday, 11 September 2001.Type: Traditional offshore bond.Aim: Growth by investing in a choice of three risk graded portfolios,cautious, balanced, aggressive or a self-select option with a choiceof 94 unit trusts, oeics, managed bond funds and investmenttrusts.Minimum investment: £50,000.Place of registration: Guernsey.Investment split: Choice of three risk graded portfolios, cautious,balanced, aggressive or a self-select option with […]

Hollands calls for funds to stay open despite crisis

IFA BestInvest has called on fund managers not directly affected by yesterday’s attrocities to keep funds open and not suspend trading.Deputy managing director Jason Hollands says that the tragic loss of life overshadows all other concerns. But he is urging investors not to take drastic action that will crystalise losses.He also argues that despite massive […]

European star Powe quits Invesco Perpetual

Invesco Perpetual star European manager Rory Powe has quit the firm to manage an independent hedge fund.Powe has managed the £2bn fund since January 1991, and is ranked first quartile over 10 and five years. However, Powe’s heavy bet on technology last year sent the fund plummeting to the bottom of the performance tables since […]


Guide: reporting to the Pensions Regulator — what and when?

Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.


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