The Equitable Life Assurance Society management stated if the guaranteed policyholders won the day at the hearing to take place before the House of Lords it would cost the society £50m, but £200m was provided in the accounts.
After the Lords decided Equitable were not in order regarding terminal bonuses, we have now been told that this was not enough.
The Equitable Life is 238 years old and was highly respected and audited by a leading firm of auditors.
Their audit report on the accounts for the year ended December 1999 was not qualified. Is the audit fee money well spent?
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel