View the article online at http://citywire.co.uk/new-model-adviser/article/a634340
Regulator drops inquiry into Equitable Life accountant
by Alex Steger on Nov 14, 2012 at 08:05
A regulator investigating what went wrong at Equitable Life has dropped its inquiry, according to reports.
The Daily Telegraph reported the Financial Reporting Council announced that the Accountancy and Actuarial Discipline Board did not intend to proceed any further with its investigation.
The paper said the inquiry did not name the accountant who had been under investigation for advice given to Equitable and its policyholders.
A spokesman for the FRC told the Telegraph: ‘Following the conclusion of this investigation, it has been decided that there is no realistic prospect that a tribunal would make an adverse finding against the accountant concerned. Consequently, no further action will be taken and the case will be closed.’
News sponsored by:
Today's top headlines
- Sunday Papers: BoE to launch inquiry over forex fixing claims
- Saturday Papers: Independent Scotland would lose UK's AAA rating, warns Citigroup
- FCA issues warning against US firm targeting UK investors
- Nest director John Taylor exits after 12 months
- FCA set to simplify adviser charging reporting rules
More about this article:
What others are saying
by Himanshu Singh on Mar 09, 2014 at 04:54