
Equitable Life to appeal against E&Y decision
UK - Equitable Life is to appeal against the High Court's decision to throw out two of its lost sales claims against its former auditor, Ernst & Young.
The beleaguered insurer suffered a massive setback last month in its battle to claim £2.6bn in damages from E&Y when Mr Justice Langley threw out two of the claims.
The judge said the third – that Equitable had made bonus payouts to its directors based on misleading information from E&Y – had so many flaws it needed to be resubmitted.
Latest stories
Five stories you may have missed this week
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
RBS reports £100m GMP impact; slashes equity exposure by two thirds
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Good communications are more important than ever
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point
Back to Top