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“Yes, because there was a failure to monitor its position, which was down to the DTI and therefore the Government.”

John Simpson, Smith & Pinching Financial Services

“No, why should the British taxpayer subsidise the poor management of an insurance company?”

Howard Cook, Talbot Insurance Services

“No, if they do it for Equitable they will have to do it for everyone.”

David Kennedy, Premier Financial Planning Group

“No, responsibility should rest with Equitable Life.”

John Wainwright, Swain Insurance Services & Financial Advisers

“Yes, the Government should have spotted the problems.”

Paul Gibbins,County Life & Pensions

“No, I don&#39t think it is a matter for the Government.”

Jeff Haine, Channel Insurance Consultants (Life & Pensions)

“No, if the Government compensate policyholders, that means you and I are compensating them. Something has to be done, but I don&#39t think that&#39s the answer.”

Brian Murray, Bricar Investment Management

“No, I think everything will come through in the long term and policyholders will not need compensation. The only problem is Equitable needs time – at least five years. For people whose policies are maturing before then, there is a compensation scheme of sorts in place.”

Bernard Denver, Denver Associates

Yes 25% No 75%


Drawing lessons from exams

Who is testing the testers?I am not a lover of exams.I think they are great for people with short-term memories but not so good for the others.I have to accept that some form of testing is required but who regulates the people who write the questions, etc?We all know, for example, that the Cemap paper […]

Coventry BS appoints new general manager for marketing

Coventry Building Society has appointed Mark Murphy to its executive team as general manager, marketing. Murphy, 36, joins from Abbey National where he worked for 12 years in a number of management positions, most recently as business development director of First National Bank. He will be responsible for all Coventry&#39s marketing activities.

Buckles deal takes Zurich RI signings to 200

Zurich Advice Network is continuing to lure IFAs over to its side of the fence with the signing of IFA Buckles, which claims independence is no longer viable.The North Wales firm has an annual turnover of £3m. Nineteen advisers are currently being trained by Zurich. Zan has also signed North London IFA Chenkin James Associates, […]

Business down at St James&#39s Place

St James&#39s Place Capital&#39s new business figure show new sales down by nearly a quarter. For the three months leading up to Sept 2002 sales were £35m – down from £45m the year before. It says the figure reflect the continuing difficult investment conditions.


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