UK - Beleaguered insurer Equitable Life has conceded that it has no realistic legal claim to make against the regulators for its demise.
Law firm Herbert Smith – which advised Equitable’s board on the merits of possible claims by the society and policyholders against the various regulators – concluded any claim would be “complex, lengthy and costly”.
Equitable Life chairman Vanni Treves said: “In light of the unequivocal advice of our lawyers, we will not squander members’ money.”
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
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The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.