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The Equitable Life Assurance Society
The Equitable Life Assurance Society (Equitable Life), founded in 1762, is a life insurance company in the United Kingdom. The world's oldest mutual insurer, it pioneered age-based premiums based on mortality rate, laying "the framework for scientific insurance practice and development" and "the basis of modern life assurance upon which all life assurance schemes were subsequently based". After closing to new business in 2000, parts of the business were sold off and the remainder of the company became a subsidiary of Utmost Life and Pensions in January 2020. At its peak in the 1990s, Equitable had 1.5 million policyholders with funds worth £26 billion under management, but it had allowed large unhedged liabilities to accumulate in respect of guaranteed fixed returns to investors without making provision for adverse market changes. Many policyholders lost half their life savings, and the company came close to collapse. Following a July 2000 House of Lords ruling and the fai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Term Life Insurance
Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions. If the life insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is typically the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time. Term life insurance can be contrasted to permanent life insurance such as whole life, universal life, and variable universal life, which guarantee coverage at fixed premiums for the lifetime of the covered individual unless the policy is allowed to lapse due to failure to pay premiums. Term insurance is not generally used for estate planning needs or chari ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hansard
''Hansard'' is the transcripts of parliamentary debates in Britain and many Commonwealth of Nations, Commonwealth countries. It is named after Thomas Curson Hansard (1776–1833), a London printer and publisher, who was the first official printer to the Parliament of the United Kingdom, Parliament at Westminster. Origins Though the history of the ''Hansard'' began in the British Parliament, each of Britain's colonies developed a separate and distinctive history. Before 1771, the British Parliament had long been a highly secretive body. The official record of the actions of the House was publicly available but there was no record of the debates. The publication of remarks made in the House became a breach of parliamentary privilege, punishable by the two Houses of Parliament (UK), Houses of Parliament. As the populace became interested in parliamentary debates, more independent newspapers began publishing unofficial accounts of them. The many penalties implemented by the governmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
33 & 34 Vict
33 may refer to: *33 (number) *33 BC *AD 33 *1933 *2033 Science * Arsenic, a metalloid in the periodic table * 33 Polyhymnia, an asteroid in the asteroid belt Music *Orquesta La 33, La 33, a Colombian salsa music band Albums *33 (Luis Miguel album), ''33'' (Luis Miguel album) (2003) *33 (Southpacific album), ''33'' (Southpacific album) (1998) *33 (Wanessa album), ''33'' (Wanessa album) (2016) Songs *"33 'GOD'", a 2016 song by Bon Iver *Thirty-Three (song), "Thirty-Three" (song), a 1995 song by the Smashing Pumpkins *"Thirty Three", a song by Karma to Burn from the album ''Almost Heathen'', 2001 *"33", a 2002 song by Coheed and Cambria *"33", a song by Conrad Sewell from his 2023 album ''Precious (Conrad Sewell album), Precious'' *"33", a song by Sinéad O’Connor from her 2007 album ''Theology (album), Theology'' *"33" a 2020 song by Polo G Television *El 33, a Catalan television channel *33 (Battlestar Galactica), "33" (''Battlestar Galactica''), an episode of ''Battlestar Ga ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Life Assurance Companies Act 1870
Life, also known as biota, refers to matter that has biological processes, such as signaling and self-sustaining processes. It is defined descriptively by the capacity for homeostasis, organisation, metabolism, growth, adaptation, response to stimuli, and reproduction. All life over time eventually reaches a state of death, and none is immortal. Many philosophical definitions of living systems have been proposed, such as self-organizing systems. Viruses in particular make definition difficult as they replicate only in host cells. Life exists all over the Earth in air, water, and soil, with many ecosystems forming the biosphere. Some of these are harsh environments occupied only by extremophiles. Life has been studied since ancient times, with theories such as Empedocles's materialism asserting that it was composed of four eternal elements, and Aristotle's hylomorphism asserting that living things have souls and embody both form and matter. Life originated at least 3.5&nb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sir Walter Scott
Sir Walter Scott, 1st Baronet (15 August 1771 – 21 September 1832), was a Scottish novelist, poet and historian. Many of his works remain classics of European literature, European and Scottish literature, notably the novels ''Ivanhoe'' (1819), ''Rob Roy (novel), Rob Roy'' (1817), ''Waverley (novel), Waverley'' (1814), ''Old Mortality'' (1816), ''The Heart of Mid-Lothian'' (1818), and ''The Bride of Lammermoor'' (1819), along with the narrative poems ''Marmion (poem), Marmion'' (1808) and ''The Lady of the Lake (poem), The Lady of the Lake'' (1810). He had a major impact on European and American literature, American literature. As an advocate and legal administrator by profession, he combined writing and editing with his daily work as Clerk of Session and Sheriff court, Sheriff-Depute of Selkirkshire. He was prominent in Edinburgh's Tory (political faction), Tory establishment, active in the Royal Highland and Agricultural Society of Scotland, Highland Society, long time a p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Wilberforce
William Wilberforce (24 August 1759 – 29 July 1833) was a British politician, philanthropist, and a leader of the movement to abolish the Atlantic slave trade. A native of Kingston upon Hull, Yorkshire, he began his political career in 1780, and became an independent Member of Parliament (MP) for Yorkshire (1784–1812). In 1785, he underwent a conversion experience and became an Evangelical Anglican, which resulted in major changes to his lifestyle and a lifelong concern for reform. In 1787, Wilberforce came into contact with Thomas Clarkson and a group of activists against the transatlantic slave trade, including Granville Sharp, Hannah More and Charles Middleton. They persuaded Wilberforce to take on the cause of abolition, and he became a leading English abolitionist. He headed the parliamentary campaign against the British slave trade for 20 years until the passage of the Slave Trade Act 1807. Wilberforce was convinced of the importance of religion, morality and e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Samuel Taylor Coleridge
Samuel Taylor Coleridge ( ; 21 October 177225 July 1834) was an English poet, literary critic, philosopher, and theologian who was a founder of the Romantic Movement in England and a member of the Lake Poets with his friend William Wordsworth. He also shared volumes and collaborated with Charles Lamb, Robert Southey, and Charles Lloyd (poet), Charles Lloyd. He wrote the poems ''The Rime of the Ancient Mariner'' and "Kubla Khan", as well as the major prose work ''Biographia Literaria''. His critical works were highly influential, especially in relation to William Shakespeare, and he helped introduce German idealist philosophy to English-speaking cultures. Coleridge coined many familiar words and phrases, including "suspension of disbelief". He had a major influence on Ralph Waldo Emerson and American transcendentalism. Throughout his adult life, Coleridge had crippling bouts of anxiety and depression; it has been speculated that he had bipolar disorder, which had not been defin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HM Treasury
His Majesty's Treasury (HM Treasury or HMT), and informally referred to as the Treasury, is the Government of the United Kingdom’s economic and finance ministry. The Treasury is responsible for public spending, financial services policy, Tax system, taxation, Infrastructure, state infrastructure, and economic growth. It is led by the Chancellor of the Exchequer, chancellor of the exchequer, currently Rachel Reeves since 5 July 2024. The Treasury's main offices are located in London and Darlington, with additional offices in Edinburgh and Norwich. It is one of the smallest government departments in terms of staff numbers, but widely considered the most powerful. History The origins of the Treasury of England have been traced by some to an individual known as Henry the Treasurer, a servant to King William the Conqueror. This claim is based on an entry in the Domesday Book showing the individual Henry "the treasurer" as a landowner in Winchester, where the royal treasure was sto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
With-profits Policy
A with-profits policy ( Commonwealth) or participating policy ( U.S.) is an insurance contract that participates in the profits of a life insurance company. The company is often a mutual life insurance company, or had been one when it began its with-profits product line. Similar arrangements are found in other countries such as those in continental Europe. With-profits policies evolved over many years. Originally they developed as a means of distributing unplanned surplus, arising e.g. from lower than anticipated death rates. More recently they have been used to provide flexibility to pursue a more adventurous investment policy to aim to achieve long-term capital growth. They have been accepted as a form of long-term collective investment whereby the investor chooses the insurance company based on factors such as financial strength, historic returns and the terms of the contracts offered. The premiums paid by with-profits and non-profit policyholders are pooled within the in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Morgan (scientist)
William Morgan, Fellow of the Royal Society, FRS (26 May (Old Style and New Style dates, O.S.) 1750 – 4 May 1833) was a Welsh physician, physicist and statistician, who is considered the father of modern actuarial science. He is also credited with being the first to record the "invisible light" produced when a current is passed through a partly vacuum, evacuated glass tube: "the first x-ray tube". Life He was born in Bridgend, Glamorgan, Wales, son to physician William Morgan and Sarah (sister of Richard Price). William's brother was George Cadogan Morgan. At eighteen he received medical training at Guy's Hospital, London, working also as an apothecary to pay his way. He did not complete his training, but after one year returned to Bridgend to join his father's practice. He was not popular with his father's patients: they thought him inexperienced and they resented receiving treatment from someone with a deformity—Morgan suffered from a Clubfoot, club foot. After his father's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Actuary
An actuary is a professional with advanced mathematical skills who deals with the measurement and management of risk and uncertainty. These risks can affect both sides of the balance sheet and require investment management, asset management, liability (financial accounting), liability management, and valuation skills. Actuaries provide assessments of financial security systems, with a focus on their complexity, their mathematics, and their mechanisms. The name of the corresponding academic discipline is actuarial science. While the concept of insurance dates to antiquity, the concepts needed to scientifically measure and mitigate risks have their origins in 17th-century studies of probability and annuities. Actuaries in the 21st century require analytical skills, business knowledge, and an understanding of human behavior and information systems; actuaries use this knowledge to design programs that manage risk, by determining if the implementation of strategies proposed for mit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
