UK - Plans by Equitable Life to compensate 16,000 victims of mis-sold guaranteed annuity rate policies have been branded "derisory" by a claimants' action group.
Equitable sent out letters to the 16,000 “late joiners” – people who were sold a policy by the society after September 1998, when the insurer already knew it faced a potentially huge bill for pensi...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date