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The Actuary The magazine of the Institute & Faculty of Actuaries
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Equitable and professional discipline

Both the actuarial (as reported in our last issue) and accountancy professions appear to be envisaging disciplinary action arising out of the Equitable controversy. The Institute of Actuaries proceedings vis-à-vis several former directors were picked up by most of the national press from the pages of our August issue, with comment generally reflecting a somewhat grudging endorsement.

Meanwhile, the press speculated that the accountants Ernst & Young also would face disciplinary proceedings in addition to the substantial civil litigation claim being pursued by the current board of the Equitable.