Tag Archives: Equitable Life
JAB owns Pret , Krispy Kremes and a Nazi past.; – now Utmost and Equitable’s retirement business.
Britain was once proud of its mutual insurance companies, notably Equitable Life. What what was left of it , after it disastrously over promised on its guarantees, became the Utmost Group. Utmost will continue to operate in the wealth market, … Continue reading
Andrew Warwick-Thompson remembered today
Andrew Warwick-Thompson died in August after a battle with cancer. An announcement on LinkedIn said Andrew had passed away on 19 August. He had been suffering from a rare cancer, peritoneal mesothelioma, which had been diagnosed last summer. The statement said: … Continue reading
Posted in pensions
Tagged Andrew Warwick-Thompson, Bacon and Woodrow, Equitable Life, LCPS, pension, Pensions
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Brookfield owns the Utmost link between Equitable Life and Just.
Want an explanation? Brookfield are investing in Just, Brookfield are investing in Utmost and Utmost are the renamed Equitable Life. Utmost are what is known in offshore financial services as a “death insurance company” A death company? Utmost is … Continue reading
Posted in pensions
Tagged Brookfield, DB pensions, Death insurer, Equitable Life, Insurance, Just, Pensions
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Are SIPPs to be trusted?
We don’t need no education I am no fan of the phrase “financial education” even less “thought control”. When financial experts turn teachers and start treat their customers as children, alarm bells should be ringing. They are clearly ringing at … Continue reading
Who wins from platforms?
I enjoyed reading the FCA’s Terms of Reference for its Platform Market Study, it posed many questions and I’m looking forward to the answers. Few investors properly understand what platforms are , what they do and how much they … Continue reading
Posted in advice gap, pensions
Tagged advice, Equitable Life, FCA, Hargreaves Lansdown, non-advised, platforms, platforum
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Investing in the sunny uplands!
A common theme in my blogs is the frustration that people get stuck in the wrong kind of investments wrong in terms of charges, wrong in terms of management and wrong in terms of the suitability of the fund to a … Continue reading
Why your personal pension/FSAVC may be worthless.
The question that the insurers and possibly the law courts need to answer is whether they will compensate their policyholders for mis-buying?
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Posted in customer service, pension playpen
Tagged Business, corporate risk, customer service, Economics, Equitable Life, Equitable Life Assurance Society, Financial services, Insurance, National Employment Savings Trust, pension, Pension new, pension playpen, Pension Poverty, Pensions, Policy, Politics
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DC – a victim of “mark to market” evangelism?
At present, the DC affluent can protect themselves through the use of phased retirement and income drawdown. Those with small DC pots are least protected from market vagaries.
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Scheme liabilities- Rest in Peace
The old adage that if the Equitable Life was a pension scheme it would still be trading today can be reversed. If most pension schemes were regulated as life insurance companies are today they would not be in business. Which is why we must be very worried indeed about threats to the buy-out market and very worried for our DC members about the impact on the cost of annuity purchase. Continue reading
Posted in EU Solvency II, Fiduciary Management, Liability Driven Investment, pensions, Retirement, Treasury
Tagged ageing, annuities, annuity purchase, Bank, cod.halibut.pollock, Equitable Life, EU, EU Solvency II, Fiduciary Management, finance, fishing, insurance.trustees, Liability Driven Investment, Local government pensions, pensioners, pensions, Retirement, Retirement age, Solvency II, trawler, Treasury
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