SSSB must wait for Equitable fees

Equitable Life Assurance Society's financial adviser Schroder Salomon Smith Barney (SSSB) faces a long wait for its fees.

The bank had spent six months trying to help its client find a buyer, but no company proved to be interested in acquiring the whole of Equitable. Prudential has pulled out of talks, leaving Equitable no option but to break up the business.

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