Word on the Street: Equitable Life seeks potential buyers

Equitable Life is still looking for potential buyers for its with-profits book, despite claiming to ...

Equitable Life is still looking for potential buyers for its with-profits book, despite claiming to be in its strongest position since 2001. In its interim results for the six months to 30 June, the mutual said it remains confident about running the Society as a closed fund, paying benefits to policyholders as they fall due. Pointing to improving financial strength, the group said, despite the equity and property portfolios performing well, it is unable to increase weightings towards these assets, continuing instead to match liabilities. The overall investment strategy remains heavily...