Additional voluntary contribution scheme members and other policyholders who saw investments with Equitable Life slashed should not get compensation from the public purse, actuaries say.
It is understood around half of the UK’s largest 1000 firms had AVC arrangements with Equitable when the firm came close to collapse in 2000 – a situation that left more than a million policyholder...
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