Worsfold's Wisdom: Election could be good news for Eq Life policyholders

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One certainty amid all the uncertainty of this Election is that anything other than an outright Labour win should result in a proper compensation plan for Equitable Life policyholders - and quickly too.

Both the Conservatives and the Liberal Democrats have included a commitment to the policyholders in their manifestos, a level of detail that it is unusual to see at election times and which is down to the vigorous campaign that the policyholders have waged. The Conservatives say: "We will implement the Ombudsman's recommendations to make fair and transparent payments to Equitable Life policyholders, through an independent payment scheme, for their relative loss as a consequence of regulatory failure". The Liberal Democrats say: "We will ... reward savers by ...

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