UK - Equitable Life Assurance Society was the "author of its own misfortunes", a report by Lord Penrose said.
The report into the near collapse of the mutual insurer found that “principally, the society was the author of its own misfortunes. Regulatory failures were secondary factors.” Equitable’s one ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
