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 ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes