Annex B: Disposal of the heads of complaint
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Head of Complaint | Topic: the actions of the prudential regulators and/or GAD in relation to allegations concerning | Disposal |
|---|---|---|
A |
Resourcing and skills |
Dismissed |
B |
Liaison with the conduct of business regulators |
Dismissed |
C |
Inconsistent approach to regulation |
Dismissed |
D |
Dual role |
Not determined |
E |
Failure to keep pace with developments |
Dismissed |
F |
Conflict of interests |
Dismissed |
G |
Guaranteed annuity rates |
Upheld in full |
H |
Measures predicated on the emergence of future surplus ignored |
Dismissed |
I |
Misleading financial results |
Upheld in part |
J |
Practices of ‘dubious actuarial merit’ |
Upheld in part |
K |
The use of the information before GAD and the papers disclosed to GAD |
Upheld in part |
L |
Unsound business model |
Upheld in part |
M |
Correlation between policy values and assets |
Dismissed |
N and O |
PRE |
Upheld in part |
P |
Preparation for House of Lords |
Upheld in part |
Q and R |
Bonus and policy value cuts |
Upheld in part |
GENERAL COMPLAINT |
General regulatory failure |
Upheld for the period prior to 8 December 2000 |
