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Talkback

Should the regulator be held responsible for Equitable Life&#39s closure to new business?

“No because I feel that the general public were fully aware of what they were getting into when they joined Equitable Life.”

Jennifer Storrow, Gee & Company

“It is not the fault of the regulator but the regulations. It is time to act and look at what is gone wrong.”

Colin Jackson, Baronworth (Investment Services)

“The behaviour of the FSA and the Government is less than good. The regulator should accept failure to regulate.”

Charles Levett-Scrivener, Towry Law

“Yes. If the Financial Services Authority is not accountable, then who is?” Alan Northeast, Northeast & Thakrar

“Yes. Any failure of a firm regulated since the original Financial Services Act must imply a failure of regulation to some extent.”

Alistair Lyon, Credenda/IFA Direct

“No, I do not think so. The regulator has enough on its plate without having to check companies finances. I was under the impression the DTI should be looking into this.”

Edwin Kelly & Co, Edwin Kelly

“I don&#39t think it can. Equitable Life needs to be held responsible for sailing so close to the wind for so long and the Department of Trade and Industry for failing to do anything. It must have known something.”

Ian Williams, Marshall Williams & Co

“Yes, they do not seem to have acted in spite of all the newspaper reports about it.”

William Stewart, William Stewart Financial Services

yes 50%

no 50%

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