Budget 2013: Osborne extends Equitable Life compensation scheme

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Chancellor George Osborne has announced the government will extend its Equitable Life compensation payments to cover customers who bought with-profits policies before 1992.

When the £1.5bn Equitable Life Payments Scheme began two years ago, it did not cover this group of policy holders (PP Online, 16 May 2011). However, the Chancellor announced today that the gover...

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