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From time to time we highlight stories which we consider to be particularly important in the context of the Equitable Life crisis. To view these click here.
29/12/2001 - Financial Times on income drawdown mis-selling allegations.
26/12/2001 - Scotsman with Charles Thomson on Prof Blake's Report
14/11/2001 - FT Compromise due in about 2 weeks - with little change
15/10/2001 - Transfers may be taking 8-10 weeks, Mail
12/10/2001 - Equitable reaction to consultation - Financial Times
06/10/2001 - Letter from Michael Joseph in FT
05/10/2001 - FT on Birmingham roadshow
02/10/2001 - FT on London Roadshow
27/09/2001 - FT on PIA Ombudsmans refusal to proceed
25/09/2001 - Treves in Scotland - Herald
24/09/2001 - Herald review of Compromise
14/09/2001 - FT Letter from Prof Roy Goode, QC on bonus reductions
13/09/2001 - Telegraph on transfer rate etc
11/09/2001 - Trustees seek to negotiate lower MVA for group schemes Independent
10/09/2001 - FT on withdrawal delays and information blackout
29/08/2001 - FT on direct policyholder representatives on the Equitable Board.
11/08/2001 - Paul Braithwaite writes in the Telegraph about the role of the FSA
07/08/2001 - Vanni Treves view of current position - FT
03/08/2001 - Rate of outflow £s 11M per day - Daily Mail
12/06/2001 - Teresa Hunter in the Sunday Telegraph
Sir Howard added: ‘If the liabilities are capped, there is no reason to think investors in Equitable will do any worse than any others in the future.
’Turning to events last year (2,000) when Equitable was forced to close its doors to new business, Sir Howard revealed that the Government, in conjunction with the FSA,Bank of England and Treasury, was ready to bail the company out - but only if the crisis had triggered a mass panic. When all remained calm, any suggestion of taxpayer support was quietly withdrawn. 10/06/2001 - Teresa Hunter in the Sunday Telegraph
Sir Howard added: ‘If the liabilities are capped, there is no reason to think investors in Equitable will do any worse than any others in the future. ’Turning to events last year (2,000) when Equitable was forced to close its doors to new business, Sir Howard revealed that the Government, in conjunction with the FSA,Bank of England and Treasury, was ready to bail the company out - but only if the crisis had triggered a mass panic. When all remained calm, any suggestion of taxpayer support was quietly withdrawn.