Equitable Life: a decade of regulatory failure Part one: main report
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The background: The Equitable Life Assurance Society
The complaints I have received and the Government’s initial response to those complaints
The basis for my determination of the complaints
The prudential regulation of Equitable in the period prior to 20 June 1998
The prudential regulation of Equitable in the period between 20 June 1998 and 8 December 2000
The prudential regulation of Equitable in the post-closure period
Determinations: Maladministration?
List of tables
Table 5a – Ministers responsible for the prudential regulation of insurance companies from June 1983 to January 1998
Table 9a – number of times regulators exercised powers to require amendments to regulatory returns
Table 10a – the scrutiny of the Society’s returns (1988 to 1996)
Table 10b – the Society’s valuation rates of interest v asset yields
Table 10c – the Society’s interest rate differentials used for recurrent single premium with-profits business with guaranteed investment returns
Table 10d – the Society’s presentation of Resilience Reserves
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