Equitable hunts for new finance chief
Troubled life insurer Equitable Life will have to cope in the short-term without a finance chief after a further reshuffle of its senior management team.
Troubled life insurer Equitable Life will have to cope in the short-term without a finance chief after a further reshuffle of its senior management team.
To add to the confusion, a spokesman revealed the exact role for the next head of the finance function, the insurer’s ‘appointed actuary’, had not been decided.
Despite this, the insurer, acquired by the Halifax, said it had begun looking for candidates after Charles Thomson was promoted to chief executive this week.
Halifax last month agreed a £500m deal for Equitable’s non-profit and unit-linked business, its operating assets and sales force, although the two companies will remain as separate entities.
The acquisition followed policyholders suffering a seven-month hiatus in regular bonuses last year.
Thomson – a fellow of the Faculty of Actuaries – replaced Chris Headdon who spent just three months in the role. Headdon took up the post in December after he too had spent time as the appointed actuary. It is understood Headdon has moved sideways to head up Equitable’s service company.
Links
E&Y spared grilling over Equitable
Equitable Life probe to include auditors
The numbers you crunch tell a story. Your expertis...
23yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article