EQUITABLE LIFE MEMBERS

Quotable Quotes

 

 

"I regard logic and tidiness, as such, as of little or no importance."
L. C. B. Gower, Review of Investor Protection, Presented to Parliament by the Secretary of State for Trade and Industry by Command of Her Majesty, 
January 1984. Reprinted 1985, cmnd 9125. Paragraph 1.12.

 “It is hard to think of an insurer that has ever destroyed its capital base on this scale. It makes the Equitable Life management look like experts.” 

Ned Cazalet, an insurance analyst speaking about Standard Life November 2002

"Insurance companies hold large amounts of other people's money. We were concerned to learn that the regulation of this aspect of their business is ill- designed, little known and rarely exercised."

(From the Ninth Report of the Treasury Select Committee, House of Commons session 1997-98,  The Mis-selling of
Personal Pensions, Vol 1 (cmnd 712) 1998)

'They are looking down the back of the sofa for 50p bits to put in the meter to keep the lights on'
Insurance analyst Ned Cazalet on Equitable's financial plight

'People only want capitalism on the way up'
Roger Bootle, head of consultancy - Capital Economics