1990
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| 10/01/1990 | DTI provide briefing to the Permanent Secretary of the Treasury, ahead of his dinner with Equitable the following day, in the form of an extract of Equitable’s reports and accounts. DTI explain that the general comments in their earlier briefing for the Permanent Secretary’s previous visit to Equitable (see 13/10/1987) still apply. |
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| 19/02/1990 | Equitable’s Appointed Actuary and another of the Society’s actuaries (who later becomes Appointed Actuary) present ‘With ProfitsWithout Mystery’ to the Faculty of Actuaries. The official record of the discussion that took place on this paper is published on the website of the actuarial profession at http://www.actuaries.org.uk/files/pdf/library/TFA-042/0139-0186.pdf |
| 22/05/1990 | A DTI official provides a Minister with a copy of Equitable’s latest accounts and a short background note, ahead of the Minister’s lunch the next day with some of the Society’s Board Members. The note reiterates comments made in advance of the previous ministerial visit (see 14/03/1989), namely: The Society appears to be sound, and has expanded steadily, with the underlying trend of expenses being satisfactory. Its strong solvency position makes it low priority in the companies supervised by Insurance Division. Consequently, contact with the Society is infrequent, and there appear to be no important issues. |
