£1.5bn is the best deal Eq Life policyholders will get

The £1.5bn that the government has put on the table to settle the long-running Equitable Life saga is a good deal.

clock

The payment of around £1.5bn that the government has put on the table to settle the long-running Equitable Life saga is a good deal.

I know the policyholders' groups don't see it that way but in the current economic climate the prospects of getting the £6bn plus they now say they were hoping for are remote. The compensation d...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Fidelity FutureWise default hits £25bn AUM milestone

Fidelity FutureWise default hits £25bn AUM milestone

Asset manager also unveils partner network of ten GPs for its diversified private markets LTAF

Jonathan Stapleton
clock 21 May 2026 • 3 min read
'Significant gap' between strongest and weakest FM growth portfolios

'Significant gap' between strongest and weakest FM growth portfolios

XPS Group said schemes must ensure ‘robust oversight’ when selecting a fiduciary manager

Holly Roach
clock 21 May 2026 • 1 min read
Rising Star Awards 2026: Nominees revealed and entries open!

Rising Star Awards 2026: Nominees revealed and entries open!

People have been nominated in their hundreds for this year’s awards

Professional Pensions
clock 21 May 2026 • 13 min read
Trustpilot