[Skip to content]

Sign up for our daily newsletter
The Actuary The magazine of the Institute & Faculty of Actuaries
.

Equitable actuary ‘banned’ by FSA

The Financial Services Authority has banned Christopher Headdon, former chief executive of failed insurance company Equitable Life, from working in a senior role in the City for six years. The punishment is the result of Headdon’s failure to disclose an agreement which limited a crucial financial arrangement which the regulator thought gave Equitable £800m to meet claims for controversial guaranteed annuities. Full details may be found at www.fsa.gov.uk.