UK - The resignation of Equitable Life's chief finance and investments officer Charles Bellringer has prompted a call for the beleaguered mutual to be sold off.
The firm has already warned that despite cutting payments to its 50,000 with-profits annuitants by up to 30%, it may fail the Financial Services Authority’s minimum solvency test. Equitable also...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date